The Environmental Finance Center @ The University of North Carolina at Chapel Hill (efc@unc)

GASB 34: Asset Management and Reporting,
A Practical Guide for Utility and Municipal Managers

February 19, 2002--Friday Center, Chapel Hill, NC
Co-Sponsored by the UNC Environmental Finance Center

Purpose
Agenda
GASB 34 Resource Guide

Purpose

In June 1999, the Governmental Accounting Standards Board (GASB) issued Statement 34. This statement, known as GASB 34, will apply to all basic financial statements for state and local governments, and will undoubtedly have the single largest impact ever on the accounting procedures adopted by state and local governments. The statement becomes effective for the state of North Carolina, and many other states, for the fiscal year ending June 30, 2002.

In February 2002, the UNC EFC co-sponsored a workshop on GASB 34 with the NC American Water Works/Water Environment Association organization. The workshop focused on integrating GASB 34 requirements with existing water and wastewater infrastructure asset management and reporting techniques. Approximately 50 representatives attended the workshop from local governments, utilities, consulting firms, and state oversight bodies.

Agenda

Many of the presentations can be downloaded as an Adobe Acrobat file (.pdf) below.

Time	Topic and Presenter	Presentations available for download
Time	Topic and Presenter	Acrobat
8:00am	Registration
	Morning Session Moderator, John Eick
8:30-9:15	GASB 34 and Asset Management Systems Greg Allison, Institute of Government WATCH VIDEO: Windows Media (3.9MB) or Real (4.7MB)	(222K)
	GASB 34 and Asset Management Systems Jeff Hughes, Institute of Government	(696K)
9:15-10:00	Local Government Commission (LGC) Perspective Vance Holloman, LGC
10:00-10:15	Break
10:15-11:00	Asset Management and Reporting Systems Dianne Mills, CDM	(1.29M)
11:00-12:00	Tools for Implementation
	GIS/GPS Curtis Hinton, GTG Technologies	(1.98M)
	Life Cycle Costing Jon Davis, Raftelis Financial Consulting, PA
	Computerized Maintenance Management Systems Greg Camara, Synergen	(1.64M)
	Organizational Issues in Asset Management Darin Thomas, Finkbeiner, Pettis & Sout	(753K)
12:00-12:15	Open Discussion
12:15-1:00	Lunch
	Afternoon Session Moderator-Joe Christie
1:00-1:45	Reporting Options for Assets: Advantages, Disadvantages, and Policy Considerations Larry Shaw, Carter & Burgess
1:45-2:45	Case Studies: Asset Management
	Utility system at JFK Airport Edward Kura, CDM	(768K)
	Asset Management at Orange Water and Sewer Authority Kevin Ray, OWASA	(114K)
2:45-3:00	Break
3:00-3:30	Strategies for Utility Managers: Panel of Speakers
3:30-3:45	Open Discussion
3:45	Information on Additional Resources and Adjournment

GASB 34 Resource Guide

TheUNC EFC also prepared a resource guide on GASB 34 compliance to accompany the seminar materials. The objective of this guide is to provide a quick reference to the resources, especially Internet resources, available on GASB 34. The material provides links to various discussions, articles, PowerPoint presentations, documented case studies, books and other guides. This guide is intended to assist municipal officials with the implementation of GASB 34.
Download GASB 34 Resource Guide (198 K)

For further information on the conference, or if you have trouble downloading any of the presentations from the conference, please contact Jeff Hughes at jhughes@sog.unc.edu