Description
This paper presents a case study in the development of condition assessments and engineeredasset valuations for the water distribution system facilities for Dallas Water Utilities (DWU),and summarizes the coordination of the project with a comprehensive Asset ManagementSystem that will meet the requirements established by the General Accounting StandardsBoard Statement No. 34 (GASB 34). The City of Dallas is in the process of procuring andimplementing an Asset Management System which will be used to track the service level of theCity’s assets including those assigned to DWU plus fifteen other departments.In 2002, DWU initiated work on the Water Capital Infrastructure Assessment and HydraulicModeling Project. Engineering evaluations were conducted to assign an overall conditionrating, estimated current and replacement value, and estimated remaining life to each facility.A detailed review of the condition assessment and asset valuation methodologies is presented.The calculated reinvestment needs for replacement of aging facilities is compared toinformation provided in the 2001 AWWA report, “Dawn of a Replacement Era”.A Fixed Asset Management Guidance Memorandum will be prepared for the project whichoutlines the GASB 34 assumptions of DWU and the City of Dallas and the coordinationneeded between the two entities in order to manage DWU assets. The need to reconcile assets,and the need for revisions in procedures to meet GASB 34 requirements is discussed. Includes 8 references, tables, figures.
Product Details
- Edition:
- Vol. – No.
- Published:
- 06/17/2005
- Number of Pages:
- 16
- File Size:
- 1 file , 1.3 MB
- Note:
- This product is unavailable in Ukraine, Russia, Belarus
