Deferred maintenance reporting for federal facilities : meeting the requirements of Federal Accounting Standards Advisory Board Standard Number 6, as amended / Federal Facilities Council Standing Committee on Operations and Maintenance.

Format:

Book

Contributor:

Federal Facilities Council. Standing Committee on Operations and Maintenance.

Series:

Technical report (Federal Facilities Council) ; #141.

Compass series (Washington, D.C.)

Federal Facilities Council technical report ; #141

The compass series

Language:

English

Subjects (All):

Government property--United States--Maintenance and repair--Costs--Accounting.

Government property.

Public buildings--United States--Maintenance and repair--Costs--Accounting.

Public buildings.

Physical Description:

1 online resource (66 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : National Academy Press, 2001.

Language Note:

English

Summary:

In 1996 the Federal Accounting Standards Advisory Board (FASAB) 1 enacted Standard Number 6, Accounting for Property, Plant, and Equipment (PP&E), the first government-wide initiative requiring federal agencies to report dollar amounts of deferred maintenance annually. The FASAB has identified four overall objectives in federal financial reporting: budgetary integrity, operating performance, stewardship, and systems and control. FASAB Standard Number 6, as amended, focuses on operating performance and stewardship. The FFC Standing Committee on Operations and Maintenance has prepared this report to identify potential issues that should be considered in any future amendments to the standard and to suggest approaches for resolving them. The committee's intent is to assist the CFO Council, federal agencies, the FASAB, and others as they consider how best to meet the objectives of federal financial reporting for facilities.

Contents:

DEFERRED MAINTENANCE REPORTING FOR FEDERAL FACILITIES; Copyright; Contents; Executive Summary; BACKGROUND; STUDY ORIGIN; STUDY OBJECTIVES; ISSUES RELATED TO DEFINITIONS; ISSUES AND POTENTIAL APPROACHES RELATED TO METHODOLOGIES FOR DEFERRED MAINTENANCE REPORTING; DEFERRED MAINTENANCE AND REPAIRS AS AN INDICATOR OF FACILITY CONDITION; REFERENCE; 1 Introduction ; BACKGROUND; FACILITIES MAINTENANCE AND REPAIR PROGRAMS; REASONS FOR DEFERRING MAINTENANCE AND REPAIRS; OTHER STANDARDS IN EFFECT; FEDERAL FINANCIAL ACCOUNTING; FASAB STANDARD NUMBER 6, AS AMENDED; STUDY ORIGIN; STUDY OBJECTIVES

STUDY METHODREPORT ORGANIZATION; REFERENCES; 2 Definitional Issues and Potential Revisions ; ISSUES; Maintenance; Deferred Maintenance; Acceptable or Useable Condition; Economic Life, Useful Life, Expected Life; POTENTIAL REVISIONS; REFERENCES; 3 Methodological Issues and Alternative Approaches for Calculating Deferred Maintenance for Facilities; CONDITION ASSESSMENT SURVEYS; TOTAL LIFE-CYCLE COST METHOD; OTHER POTENTIAL APPROACHES TO DEFERRED MAINTENANCE REPORTING FOR FACILITIES; Alabama Commission on Higher Education Model; Stanford University Model; Applied Management Engineering Model

University of Virginia ModelDoD Facilities Sustainment Model; Table of Responsibilities; Budget Categories; NASA Backlog of Maintenance and Repair Model; Hypothetical Example for One Facility; NASA Dryden Flight Research Center Statistical Model; BMAR Algorithm; Example Calculation of BMAR; NASA Simplified BMAR Model Using Real Property Data; Simplified BMAR Algorithm; Condition Code; System Weights; Sample Calculation; SUMMARY; REFERENCES; 4 Deferred Maintenance and Repairs as an Indicator of Facility Condition; REFERENCES

Statement of Federal Financial Accounting Standards No. 11, October 1998Statement of Federal Financial Accounting Standards No. 14, April 1999; Statement of Recommended Accounting Standards No. 16, July 1999

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9786610184774

9780309171038

0309171032

9781280184772

1280184779

9780309563390

0309563399

OCLC:

814268675