Asset Management, CMOM, and GASB 34 – how do they all fit together?

$17.50 plus tax (Refund Policy)

Buy Article:

Abstract:

Asset management involves collection, maintenance, and analysis of information on the condition and value of specific infrastructure assets. The goal of asset management is the cost-effective utilitization of resources and capital investments over their life cycle. Toward this goal, asset management programs focus on the development and maintenance of accurate, up-to-date, detailed information that can serve as a basis for informed decision-making.

The goals and benefits of asset management overlap with accounting practices for government agencies concerned with the Governmental Accounting Standards Board Statement No. 34 (GASB 34) requirements, and can also be well-aligned with the objectives of municipal CMOM (capacity, management, operations, and maintenance) programs. This paper provides a general discussion of the components of an asset management program that can be designed to meet the objectives of CMOM and comply with GASB 34 reporting requirements.

Document Type: Research Article

DOI: http://dx.doi.org/10.2175/193864703784829722

Publication date: January 1, 2003

More about this publication?
  • Proceedings of the Water Environment Federation is an archive of papers published in the proceedings of the annual Water Environment Federation® Technical Exhibition and Conference (WEFTEC® ) and specialty conferences held since the year 2000. These proceedings are not peer reviewed.

    WEF Members: Sign in (right panel) with your IngentaConnect user name and password to receive complimentary access.
  • Subscribe to this Title
  • Membership Information
  • About WEF Proceedings
  • WEFTEC Conference Information
  • ingentaconnect is not responsible for the content or availability of external websites

Tools

Favourites

Share Content

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more