1 / 21

GASB 34 Peer Exchange Nashville, Tennessee April 25, 2001

Implications and Opportunities for the Transportation Community. GASB 34 Peer Exchange Nashville, Tennessee April 25, 2001. Agenda. Introduction Technical Underpinnings Implications Agency Response Potential Outcomes Realizing the Benefits Conclusion. FEDERAL HIGHWAY ADMINISTRATION.

Télécharger la présentation

GASB 34 Peer Exchange Nashville, Tennessee April 25, 2001

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Implications and Opportunities for the Transportation Community GASB 34 Peer Exchange Nashville, Tennessee April 25, 2001

  2. Agenda • Introduction • Technical Underpinnings • Implications • Agency Response • Potential Outcomes • Realizing the Benefits • Conclusion FEDERAL HIGHWAY ADMINISTRATION

  3. Introduction • Comprehensive • Far-Reaching • Broad Implications FEDERAL HIGHWAY ADMINISTRATION

  4. Technical Underpinnings Overview • Transportation Infrastructure included in the Asset Base • Cost of Use • Depreciation • Modified FEDERAL HIGHWAY ADMINISTRATION

  5. Implications • Significance of Infrastructure Investment • Accountability FEDERAL HIGHWAY ADMINISTRATION

  6. Implications Significance of Infrastructure Investment • Transportation Infrastructure in Financial Statements – for the First Time • No Longer a “Sunk” Cost FEDERAL HIGHWAY ADMINISTRATION

  7. Implications Accountability The Market • Demand • Information Available FEDERAL HIGHWAY ADMINISTRATION

  8. Implications Overview Stakeholders • Financial Community • Citizens • Legislators • Agency Leadership FEDERAL HIGHWAY ADMINISTRATION

  9. Accountability Questions • What? • How? • When? • Why? FEDERAL HIGHWAY ADMINISTRATION

  10. Agency Response Background Past • Intuition • Historical Precedent • Decisions within Asset Classes • “Worst First” • External Pressure • Budgets and Funding Categories FEDERAL HIGHWAY ADMINISTRATION

  11. Agency Response Background Current • Systematic, Organized, Logical, Reproducible, Documented • Engineering and Economics • Life-Cycle Perspective • Performance Goals FEDERAL HIGHWAY ADMINISTRATION

  12. Agency Response Asset Management Questions • What? • How? • When? • Why FEDERAL HIGHWAY ADMINISTRATION

  13. Agency Response Asset Management Data Collection Performance Modeling Policies Development of Alternatives External Factors And Constraints Budgets Feedback Decision-Making Goals Implementation Monitoring FEDERAL HIGHWAY ADMINISTRATION

  14. Potential Outcomes • Stewardship • Importance of Maintaining Assets • Increased Resources FEDERAL HIGHWAY ADMINISTRATION

  15. Potential Outcomes Stewardship • Internal • External FEDERAL HIGHWAY ADMINISTRATION

  16. Potential Outcomes Maintaining Assets • Highlights the Condition of the Infrastructure Assets • Demonstrates Life Cycle Considerations • Raises the Priority Level of Asset Maintenance FEDERAL HIGHWAY ADMINISTRATION

  17. Potential Outcomes Increased Resources • Make Transportation More Competitive with Other Public Programs • Reduce Barriers Between Capital and Maintenance Funds • Attract Private Financing FEDERAL HIGHWAY ADMINISTRATION

  18. To Realize the Benefits . . . • Cooperative Relationships will be Essential • Infrastructure Managers and Financial Managers Must Work in a Collaborative Environment FEDERAL HIGHWAY ADMINISTRATION

  19. Conclusion • Bottom Line: Are transportation agencies getting the job done? • The spotlight can help FEDERAL HIGHWAY ADMINISTRATION

  20. Conclusion For Further Information . . . FEDERAL HIGHWAY ADMINISTRATION

  21. Conclusion For Further Information . . . Regina McElroy Leader Economic Evaluation and Investment Team Federal Highway Administration 202-366-9216 Regina.mcelroy@fhwa.dot.gov FEDERAL HIGHWAY ADMINISTRATION

More Related