The City is working to refine its approach to how assets (vehicles, water and sewer systems, buildings etc.) are maintained and upgraded over time as they reach the end of their life. The Engineering and Operations Departments are leading this work to build out a new strategy in a related strategic initiative.  This initiative follows on from that work and will start once the asset strategy is complete.  The Finance team will lead this work to create a funding model to ensure the City can fund the work to maintain and enhance its assets to ensure continuity of services for city residents.