Municipal infrastructure tracking with component-level depreciation

A municipality northeast of Toronto, known for its trails, outdoor lifestyle, and welcoming community, manages a broad portfolio of public infrastructure — roads, sidewalks, retaining walls, playground equipment, public washrooms, buildings, and fire stations.

The municipality needed a way to track and depreciate infrastructure investments at a component level. A fire station, for example, needed each component (roof, HVAC, electrical, structure) depreciated on its own schedule. Standard accounting tools treated each property as a single asset, making precise depreciation impossible.

Using WorthIT, the municipality allocated asset IDs to infrastructure investments and used custom fields to capture critical parameters — location, dimensions, condition, and more. They broke complex assets like fire stations into components, each with independent depreciation profiles. The team found creative ways to maximize WorthIT's flexibility for their specific needs.

The municipality now tracks and depreciates every component of their public infrastructure independently, giving them precise visibility into asset values and replacement timelines for capital planning and audit readiness.