GASB 34 Compliance Using GIS and Asset Management Systems

GASB 34 Compliance Using GIS and Asset Management Systems Track: State and Local Government Author(s): Brian Long, Brent Wilson GASB 34 requires state and local governments to establish a mechanism that reports infrastructure value, depreciation, and management practices. This paper illustrates the use of GIS in this accounting process. GIS processes include asset inventory and valuation models, depreciation, and implementation of an asset management system in lieu of depreciating capital assets. The GIS approach presented in this paper illustrates the long-term benefits of an on-going GIS-based inventory, valuation, and maintenance program that satisfies GASB 34 requirements. Brian Long Lockwood, Andrews & Newnam, Inc. Infrastructure 2925 Briarpark Drive Houston , TX 77042 USA Phone: (713) 266-6900 Fax: (713) 266-8971 E-mail: [email protected]