This paper presents a case study in the development of condition assessments and engineered
asset valuations for the water distribution system facilities for Dallas Water Utilities (DWU),
and summarizes the coordination of the project with a comprehensive Asset Management
System that will meet the requirements established by the General Accounting Standards
Board Statement No. 34 (GASB 34). The City of Dallas is in the process of procuring and
implementing an Asset Management System which will be used to track the service level of the
City's assets including those assigned to DWU plus fifteen other departments.
In 2002, DWU initiated work on the Water Capital Infrastructure Assessment and Hydraulic
Modeling Project. Engineering evaluations were conducted to assign an overall condition
rating, 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 to
information provided in the 2001 AWWA report, "Dawn of a Replacement Era".
A Fixed Asset Management Guidance Memorandum will be prepared for the project which
outlines the GASB 34 assumptions of DWU and the City of Dallas and the coordination
needed 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.
| Edition : | Vol. - No. |
| File Size : | 1
file
, 1.3 MB |
| Note : | This product is unavailable in Ukraine, Russia, Belarus |
| Number of Pages : | 16 |
| Published : | 06/17/2005 |
