The intention of this 2021 State of the Local Infrastructure Report is to act as a supporting document to the City’s budgeting process and provides an overview of the following: 1) Asset Management Maturity Assessment: The overall maturity of the City’s asset management data and program; 2) State of the Local Infrastructure: Estimated value and condition of the City’s infrastructure to provide var. [...] The 2021 SOLI uses the following approaches assess the asset condition to the State of the Local Infrastructure: Existing Rating System: Facility Condition Index (FCI) - The FCI is a standard facility management benchmark that objectively assesses the current condition of a building asset. [...] The majority of assets in Very Poor condition are mostly attributed to the fact that the conditions were evaluated based on the “age” of the asset relative to the useful life and does not necessarily reflect actual asset condition. [...] For the purposes of this analysis, the infrastructure gap is defined as the difference between the total full-life cycle costs and the projected revenues over the 10-year period. [...] Approximately 5% of assets are in Poor condition and less than 1% of assets are in Very Poor condition - of which a portion of the assets belongs to traffic services which the condition is assessed relative to the age and design life of the asset.