GASB 34—Methods for Condition Assessment and Preservation


Subjects addressed:

Financial Management/Asset Valuation, Inventory and Condition Assessment

Topics addressed:

Analytical Tools and Models

Asset types addressed:



Title: GASB 34—Methods for Condition Assessment and Preservation
Resource type: Research Report
Year published: 2008
Publisher: Transportation Research Board

This report updates the findings contained in NCHRP Report 522, "A Review of DOT Compliance with GASB 34 Requirements." NCHRP Report 522 provided a comprehensive look at approaches taken by AASHTO member departments to comply with the requirements of Governmental Accounting Standards Board (GASB) Statement No. 34. NCHRP Report 608 provides a recommended practices guide that identifies effective methodologies that integrate infrastructure inventory, condition assessments, minimum acceptable condition levels, and funding decisions with GASB 34 reporting requirements and assesses the operational and financial impacts of reporting under GASB 34. This report will be helpful to professionals who work with state departments of transportation and local governments in the areas of finance, auditing, asset management, and policymaking.