Reporting of Infrastructure Assets
The Governmental Accounting Standards Board (GASB) was created in 1984 as an independent, professional body to establish standards of accounting and financial reporting applicable to state and local governmental entities.
GASB establishes the standards of state and local governmental accounting and financial reporting. GASB standards are officially recognized as authoritative by the American Institute of Certified Public Accountants and by State law (NRS 353.3245).
GASB 34 was adopted in June 1999. It establishes financial reporting standards for state and local governments. GASB 34 establishes new content for the basic financial statements - including a full accounting for all capital assets, including the government's infrastructure - and also provides for required supplementary information for general-purpose governments.
The Nevada Department of Transportation's GASB documents are available in pdf format below.
- What is GASB?
- Policy of the condition level
- Actual Condition of Roads-2005
- Actual Condition of Roads-2003
- Bridges
- Infrastructure Costs-Total Years
- Infrastructure Costs-2006
- Infrastructure Costs-2005
- Infrastructure Costs-2004
- Infrastructure Costs-2003
- Infrastructure Costs-2002
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