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1 Purdue University Purdue e-pubs Indiana Local Technical Assistance Program (LTAP) Publications Indiana Local Technical Assistance Program (LTAP) Indiana Local Technical Assistance Program Governmental Accounting Standards Board Statement No. 34 General Infrastructure Retroactive Reporting Implementation Assistance Manual Government Fixed Asset Services, Inc. Follow this and additional works at: Part of the Civil and Environmental Engineering Commons Recommended Citation Government Fixed Asset Services, Inc., "Indiana Local Technical Assistance Program Governmental Accounting Standards Board Statement No. 34 General Infrastructure Retroactive Reporting Implementation Assistance Manual" (2013). Indiana Local Technical Assistance Program (LTAP) Publications. Paper This document has been made available through Purdue e-pubs, a service of the Purdue University Libraries. Please contact epubs@purdue.edu for additional information.

2 Indiana Local Technical Assistance Program Governmental Accounting Standards Board Statement No. 34 General Infrastructure Retroactive Reporting Implementation Assistance Manual May 4, 2013

3 Table of Contents Table of Contents... i 1. Introduction Assistance Manual Summary Capital Asset Policy Infrastructure Elements General Infrastructure Worksheets Right-of-Way Annual Update of General Infrastructure Information Additional Assistance Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Appendix C Replacement Cost One-Page Summary Appendix D Information on Replacement Cost Appendix E Replacement Cost Indexes and Deflators Appendix F Recommended Practices 1, 2, 3, 4, 5 (reprinted with permission of Government Finance Officers Association, Chicago, IL) Appendix G GAAFR Review Infrastructure Reporting, October, 2001 (reprinted with permission of Government Finance Officers Association, Chicago, IL) i

4 1. Introduction Since its inception in mid-1999, The Governmental Accounting Standards Board Statement No. 34, Basic Financial Statements and Management s Discussion and Analysis for State and Local Governments, or GASB, has represented a dramatic shift in the way governments present financial information to the public. This assistance manual is intended to provide guidance for local agencies to report their assets in compliance with the general infrastructure reporting requirements of Governmental Accounting Standards Board Statement No. 34. This manual is an update to the original manual, which was developed in 2004, and includes current depreciators and information on annual updates. General infrastructure assets per GASB are comprised of government right-of-way, roads, bridges, tunnels, drainage systems, water and sewer systems, dams, and lighting systems. If significant, a government should also report sidewalks, traffic signals, and improved alleys. The initial reporting of capital assets is accomplished through prospective reporting of new infrastructure at actual cost and retroactive reporting of general infrastructure that was acquired or constructed in the past. After the initial reporting, records are kept current through an annual update. All governments, regardless of size (population or revenue), must comply with the prospective reporting requirements related to general infrastructure assets. Inclusion of all general infrastructure, regardless of date of acquisition or construction, is encouraged. Government entities are categorized as indicated below: Phase I governments have total annual revenues of $100 million or more. Phase I governments were required to be compliant with the requirements of GASB-34 after June 15, Phase II governments have total annual revenues of $10 million or more but less than $100 million. Phase II governments were required to be compliant with the requirements of GASB-34 after June 15, Phase III governments have total annual revenues of less than $10 million. Phase III governments were required to be compliant with the requirements of GASB-34 after June 15, Retroactive reporting of assets that were acquired (purchased, constructed, or donated) or renovated after June 30, 1980, was required of Phase I and II governments and is optional but encouraged for Phase III governments. Phase I governments were required to implement retroactive reporting of existing general infrastructure in financial statements for periods after June 15,

5 Phase II governments were required to implement the retroactive reporting of existing general infrastructure in financial statements for periods after June 15, Phase III governments have the option of implementing the retroactive reporting of existing general infrastructure in financial statements for periods after June 15, Retroactive reporting of general infrastructure answers three questions 1 : What assets do we have? (inventory) When did we acquire these assets? (date of acquisition) What was the historical cost of these assets? (costing) 1.1. Assistance Manual Summary This manual is designed to assist governments in completing the records required for compliance with GASB-34, including the initial reporting and the annual update. Initial reporting includes an estimate of cost of general infrastructure assets and the annual update includes the calculation of annual depreciation, accumulated depreciation and net book value. This manual provides the following information. A framework for the retroactive reporting of general infrastructure for financial reporting purposes, including worksheets, units of measure, and reasonable replacement cost estimates. A framework for normal or standard cost of general infrastructure, based on an estimated historical cost using the Consumer Price Index (CPI) deflators included in the Appendix E. 2 Reasonable estimates of useful life for infrastructure elements. This manual provides general information intended to facilitate local agency compliance with GASB-34. Local agencies must develop a system to address the following activities. Establish a capital asset policy that addresses capitalization threshold, delineates estimated useful lives of depreciable assets, and discusses calculation of depreciation as to method (e.g., straight-line), convention (e.g., full-year), and amount of salvage value, if any. Prepare an inventory of general capital assets (i.e., general land parcels, land improvements, buildings, vehicles, and machinery and equipment). 1 Government Finance Officers Association, Governmental Accounting, Auditing, and Financial Reporting Review (GAAFR Review), October Included in the Appendix of this manual. 2 Use of the Consumer Price Index (CPI) in deflating a current fair value of land to an estimate of historical cost at acquisition should be reviewed for overall reasonableness. If there is any question as to the reasonableness of the resulting estimated historical cost, have the value reviewed by an independent auditor for reasonableness and concurrence. 2

6 Prepare an inventory of general infrastructure such as roads, bridges, drainage systems, and lighting systems. Establish or estimate dates of acquisition for general capital assets and general infrastructure. Establish or estimate historical cost for general capital assets and general infrastructure. Derive estimated useful lives for all depreciable assets. Calculate depreciation for all depreciable capital assets as to annual depreciation, accumulated depreciation, and net book value. Establish an inventory of rights-of-way (to be added to land account). Allocate inventory of rights-of-way and establish estimated or actual dates of acquisition (may differ from road age). Establish actual or estimated historical cost or fair value at acquisition for all rights-of-way. Establish a construction-in-progress (CIP) account. Prospective reporting to include new additions, improvements, and retirements and annual update of reports Capital Asset Policy GASB Statement No. 34 requires governments to disclose their policy for capitalizing assets and for estimating the useful lives of those assets. This policy is then used to calculate depreciation expense in the annual updates. This manual is based on the following capital asset policy: The capitalization threshold includes only assets at or above a unit historical cost of $5,000. Reasonable estimates of useful life are based on the information included in Appendix A-B in Table A-X. Depreciation of general infrastructure utilizes a straightline method, a full-year convention, and a salvage value of zero. These assumptions are reflected in the worksheets and information in Appendix A-B. Improvements to general infrastructure must be significant for capitalization. Generally, these improvements increase capacity or efficiency or extend the asset s estimated useful life beyond the original useful life. While repairs and renovations should be evaluated for potential capitalization, in many cases these activities restore the asset to its original service potential but do not improve the asset Infrastructure Elements This manual provides guidance for a number of general infrastructure elements. These elements must be inventoried with an appropriate and consistent unit of measure. The replacement cost, which is expressed in the same unit of measure, reflects current new construction costs. The infrastructure elements and units of measure are indicated below: Roads, square yard of pavement surface 3

7 o Arterial urban o Collector rural o Collector urban o Local paved rural o Local paved urban o Local unpaved (gravel) Bridges, square foot of bridge deck surface Storm sewer systems, linear foot Sidewalks, linear foot Streetlights, per light fixture (grouped by year of installation) Traffic signals, per intersection If a local agency has a significant investment in other infrastructure elements, the process outlined in this manual can be expanded to include additional elements and the local agency can estimate reasonable costs and a reasonable useful life. Water, sewer and other utility elements are not included because these assets are typically reported as enterprise funds and, under pre-gasb Statement No. 34 standards, are already being depreciated General Infrastructure Worksheets The general infrastructure worksheets are included in the Appendix A-B. These worksheets include inventory, date of acquisition, costing, and depreciation. The inventory section includes all assets that are being reported, with information about the characteristics of each asset. The date of acquisition section documents when the asset was constructed or acquired. The costing section provides an actual or estimated cost for the asset. The depreciation section provides an estimate of the current value, called the net book value, based on the original value of the asset, the age of the asset, the useful life of the asset and the depreciation rate. The information below correlates with the worksheet shown in Figure 1. Inventory and Date of Acquisition The inventory information includes the following columns: A Road Name. B and C From and To. D Length (yards). E Width (yards). G Length x Width (square yards). The date of acquisition information includes the following column: F Year Constructed. In many cases the age of an asset is based on an estimated date of acquisition or construction. Costing The costing information includes the following columns: 4

8 H Replacement Cost Total ($). I Deflation for the Year Constructed. Deflators are included in the Appendix E. J Historical Cost Total. Depreciation The depreciation information includes the following columns: K Asset Life (years). L Annual Depreciation ($). M Accumulated Depreciation ($). N Net Book Value ($). Fully-depreciated assets remain on the worksheet example. It is only upon retirement of an asset that it is removed from a worksheet. An example worksheet is shown in Figure Right-of-Way Figure 1 Example worksheet Reporting of right-of-way, or the land beneath street and parkway and sidewalk, can be a large endeavor. The amount of land comprising right-of-way can be significant and the value of the land can be substantial. Fortunately, there are reasonable assumptions and abbreviated approaches that produce satisfactory results. Two of these assumptions are that the right-of-way can be reported as fee simple ownership regardless of the means of acquisition (donation, purchase, or acquisition by use) and the value of right-of-way does not depreciate. Establishing a record of right-of-way, as with general infrastructure, involves an inventory, estimate of date of acquisition and costing. Depreciation is not necessary because the value of right-of-way does not depreciate. 5

9 Inventory Inventory of right-of-way can be complicated because the acquisition of different parcels along the road may have occurred over a long period of time. Right-of-way width may also vary along a road. A statewide weighted-average for right-of-way width for rural and urban local roads was identified in the original 2004 GASB-34 Manual. This value was developed based on the INDOT local road inventory; the weighted-average width is 43.4 for urban streets and 39.0 for rural roads. These values may be used to simplify the estimation of right-of-way inventory. Date of Acquisition Estimates of the dates of acquisition for right-of-way are often necessary due to a lack of available information or because gathering and analyzing the necessary information would be excessively cumbersome. Estimating the dates of acquisition can be simplified with the following assumptions. The right-of-way was acquired when the road was initially constructed. The right-of-way was acquired when the area served by the road was annexed to the city or town. Right-of-way in the oldest areas of a town, city or county was acquired when the government was incorporated. Costing Costing involves estimating a reasonable value for the land at the time of acquisition. One way to estimate the value of right-of-way is to obtain a current land value and then use the CPI deflators to estimate the value at the time of acquisition. This is considered retroactive reporting. Parcels may be grouped together to facilitate the process. The process to estimate the right-of-way value for each parcel or group of parcels follows. Identify the amount of land and location (inventory). Estimate the date of acquisition to the nearest year. Identify the current fair value per acre for the area. Deflate value of land using the deflator based on the CPI 3 for the year of acquisition. Resulting value reflects historical cost at the time of acquisition based on current fair value of land multiplied by the deflator. 3 See prior footnote regarding use of the CPI in deflating estimated fair value of right-of-way. 6

10 2. Annual Update of General Infrastructure Information Annual updates adjust the recorded value of assets to reflect a current position and are required for compliance with GASB-34. An update starts with the previous year s general infrastructure report, which has been accepted by independent auditors and utilized in the preparation of the Annual Financial Report. Updates include three primary tasks. Add newly constructed or acquired assets through prospective reporting. Retire assets that are no longer in service. Modify the value of existing assets to reflect depreciation expense due to aging. To modify the value of existing assets to reflect depreciation, the annual depreciation, accumulated depreciation, and net book value must be calculated. Formulas for these calculations are provided in the worksheets in the Appendix A-B. The formulas must be copied for all lines that have inventory entries so depreciation will be calculated for each line item. To complete the annual update, the following steps should be taken. Copy the prior year s report. Add assets constructed or acquired or accepted in the current year. Remove assets retired in the current year. Change the date of the copied report to the current year. When the new date is entered (in this case the current year), the annual depreciation, accumulated depreciation, and net book value through the end of the current fiscal year will all be automatically re-calculated. After the annual update is completed, the inventory should reflect the current assets and the value should reflect the current value of these assets. An example of an annual update is shown below. Steps for Annual Update Step 1 An annual update adjusts the prior year s worksheets to the end of the current fiscal year. 7

11 Figure 2 Example Annual update 8

12 Step 2 Document on the spreadsheet all changes that have occurred in the reporting year. Add new assets and retire assets which have been demolished, removed, or replaced. Step 3 All activity regarding asset additions and asset retirements takes place below the total line indicated (line 49 in Figure 2). Any changes within the worksheet itself will prematurely change totals and balances. The auditors require a subsidiary listing (below total line) of all asset additions and all assets to be retired in the current year. Step 4 Below the pre-existing total line, enter additions of new road inventory items, including road name (column A), to (column B), from (column C), length in feet (column D), width in feet (column E), and the year constructed (column F). The worksheet calculates via formula the total square yards (column G). Assets scheduled for retirement (and thus, deletion from the report) are copied below the total line, noting the amount of historical cost and related depreciation that is to be removed from the worksheet with them. Only after these deletions have been set up as a subsidiary list and a separate total can they be deleted or cut from the worksheet. Step 5 Estimating construction cost in columns H and I can be overridden. The actual cost of the line item or road segment that is being added to the inventory is inserted in column J (historical cost). Step 6 The asset life (column K) should be consistent with all previously capitalized roads. For example, if 50 years has been the standard, new road construction will have an estimated useful life of 50 years. Step 7 Annual, accumulated, and net book value amounts will be calculated via formula in the worksheets (columns L, M, and N). Annual Depreciation is determined by dividing the historical cost by the applicable estimated useful life. Accumulated Depreciation is the total of all depreciation taken to the date of the worksheet (i.e. through the fiscal-year end). Net Book Value is the undepreciated value of the asset. (The formulas call for a full year of annual depreciation in the year of acquisition and a salvage value of $0). Step 8 Right-of-way width is indicated in column O. Include the actual right-of-way width per road segment or line. Step 9 Insert year of acquisition for each line (column P). This year of acquisition is generally the year of road construction. Step 10 The worksheet will calculate via formula the square footage of the line item to calculate the total acres (column Q). 9

13 Step 11 For new right-of-way, the purchase price can be entered as historical cost fair value of ROW (column T). For right-of-way with an estimated value, the year of acquisition must be indicated (column P), along with the related deflator for the year acquired (column S). An estimated historical cost fair value is derived by applying the related deflator (column S) to current fair value (column R), resulting in estimated historical cost fair value (column T). Step 12 Retired assets to be deleted from the report are copied below the total line, along with the amount of historical cost and related depreciation that is to be deleted from the worksheet. Only after these deletions have been set up as a subsidiary list and a separate total can they be deleted or cut from the worksheet. Step 13 Transfer the subsidiary totals of additions and retirements to the Consolidated Summary Page in the related additions and retirements columns. When an asset is added, the calculation includes the historical cost, the first year s annual and accumulated depreciation, and the net book value amount. When an asset is retired, the calculation includes the annual depreciation amount from the last year. The historical cost, accumulated depreciation, and net book values are deducted. 10

14 3. Additional Assistance Indiana Local Technical Assistance Program West Lafayette, Indiana Government Fixed Asset Services, Inc. Chicago, Illinois Indiana LTAP and Michael M. Nielsen of Government Fixed Asset Services, Inc., serve as resources for GASB Statement No. 34 general infrastructure questions related to this assistance manual. Government Fixed Asset Services, Inc., is a private consulting firm that will provide services for a fee to local agencies. Indiana LTAP is a publicly supported entity that will answer questions and provide technical assistance at no cost to local agencies in Indiana. Indiana State Board of Accounts Review This publication has been reviewed and approved for use by the Indiana State Board of Accounts. 11

15 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas)

16 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) GASB - 34 General Infrastructure Retroactive Reporting Information Purpose: Required Information: Assets: Roads and Streets ($/yds 2 ) Bridges ($/ft 2 ) ROW Rural ($/acre) ROW Urban ($/acre) Arterials Collectors Local Systems Storm Drainage ($/LFT) Regulated Drainage ($/LFT) Traffic Signals ($/Intersection) Streetlights ($/Light) Sidewalks ($/LFT) Instructions:

17 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) General Infrastructure Right of Way Beginning Ending Annual Accumulated Net Book Asset Class Balance 1/1/2012 Additions Retirements Balance 12/31/2012 Depreciation 2012 Depreciation 2012 Value 2012 Rural Local Roads - Unpaved $0 $0 $0 Rural Local Roads - Chip Seal $0 $0 $0 Rural Local Roads - Paved $0 $0 $0 Rural Collectors $0 $0 $0 Urban Local Roads $0 $0 $0 Urban Collectors $0 $0 $0 Urban Aterial Streets $0 $0 $0 Total Right of Way $0 $0 $0 $0 $0 $0 $0 Roads Rural Local Roads - Unpaved $0 $0 $0 $0 $0 Rural Local Roads - Chip Seal $0 $0 $0 $0 $0 Rural Local Roads - Paved $0 $0 $0 $0 $0 Rural Collectors $0 $0 $0 $0 $0 Urban Local Roads $0 $0 $0 $0 $0 Urban Collectors $0 $0 $0 $0 $0 Urban Aterial Streets $0 $0 $0 $0 $0 Total Roads $0 $0 $0 $0 $0 $0 $0 Traffic Signals $0 $0 $0 $0 $0 Streetlights $0 $0 $0 $0 $0 Sidewalks $0 $0 $0 $0 $0 Bridges $0 $0 $0 $0 $0 Regulated Drains $0 $0 $0 $0 $0 Storm Drainage $0 $0 $0 $0 $0 Total General Infrastructure $0 $0 $0 $0 $0 $0 $0 GRAND TOTAL $0 $0 $0 $0 $0 $0 $0

18 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Worksheet - Rural Local Roads - Unpaved For example only. Please do not use. prospective reporting Totals/Averages miles feet sq yards feet acres

19 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Rural Local Roads - Chip Seal For example only. Please do not use. prospective reporting Totals/Averages miles feet sq yards feet acres

20 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Rural Local Roads - Paved For example only. Please do not use. prospective reporting Totals/Averages miles feet sq yards feet acres

21 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Rural Collectors For example only. Please do not use. prospective reporting Totals/Averages miles feet sq yards feet acres

22 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Urban Local Roads For example only. Please do not use. prospective reporting Totals/Averages miles feet sq yards feet acres

23 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Urban Collectors For example only. Please do not use. prospective reporting Totals/Averages miles feet sq yards feet acres

24 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Urban Arterial Streets For example only. Please do not use. prospective reporting Totals/Averages miles feet sq yards feet acres

25 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Bridges Totals/Averages - feet

26 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Streetlights Totals/Averages

27 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Sidewalks Totals/Averages

28 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Storm Drainage Totals/Averages

29 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Storm Drainage Totals/Averages

30 Appendix A General Infrastructure Record Worksheets: Set One blank (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Traffic Signals Totals/Averages

31 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas)

32 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) GASB - 34 General Infrastructure Retroactive Reporting Information Purpose: Required Information: Assets: Roads and Streets ($/yds 2 ) Bridges ($/ft 2 ) ROW Rural ($/acre) ROW Urban ($/acre) Arterials Collectors Local Systems Storm Drainage ($/LFT) Regulated Drainage ($/LFT) Traffic Signals ($/Intersection) Streetlights ($/Light) Sidewalks ($/LFT) Instructions:

33 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) General Infrastructure Right of Way Beginning Ending Annual Accumulated Net Book Asset Class Balance 1/1/2012 Additions Retirements Balance 12/31/2012 Depreciation 2012 Depreciation 2012 Value 2012 Rural Local Roads - Unpaved $729,289 $729,289 $729,289 Rural Local Roads - Chip Seal $1,044,672 $1,044,672 $1,044,672 Rural Local Roads - Paved $1,083,946 $1,083,946 $1,083,946 Rural Collectors $1,144,314 $1,144,314 $1,144,314 Urban Local Roads $962,240 $962,240 $962,240 Urban Collectors $3,756,625 $3,756,625 $3,756,625 Urban Aterial Streets $2,658,868 $2,658,868 $2,658,868 Total Right of Way $11,379,954 $0 $0 $11,379,954 $0 $0 $11,379,954 Roads Rural Local Roads - Unpaved $4,023,223 $4,023,223 $78,969 $2,160,493 $1,862,730 Rural Local Roads - Chip Seal $6,455,193 $6,455,193 $121,346 $3,146,258 $3,308,935 Rural Local Roads - Paved $8,977,055 $8,977,055 $176,168 $3,050,114 $5,926,940 Rural Collectors $54,194,520 $54,194,520 $1,044,602 $21,059,296 $33,135,224 Urban Local Roads $15,686,864 $15,686,864 $310,427 $6,430,182 $9,256,682 Urban Collectors $99,047,301 $99,047,301 $1,915,429 $41,193,730 $57,853,571 Urban Aterial Streets $85,170,600 $85,170,600 $1,623,045 $39,917,168 $45,253,432 Total Roads $273,554,756 $0 $0 $273,554,756 $5,269,987 $116,957,242 $156,597,514 Traffic Signals $791,152 $791,152 $16,676 $621,416 $169,736 Streetlights $6,397,705 $6,397,705 $187,376 $4,865,461 $1,532,244 Sidewalks $106,162 $106,162 $1,756 $66,119 $40,043 Bridges $11,902,116 $11,902,116 $232,679 $4,611,240 $7,290,877 Regulated Drains $166,239 $166,239 $3,251 $70,385 $95,854 Storm Drainage $549,311 $549,311 $10,743 $233,600 $315,711 Total General Infrastructure $19,912,685 $0 $0 $19,912,685 $452,480 $10,468,220 $9,444,465 GRAND TOTAL $304,847,395 $0 $0 $304,847,395 $5,722,467 $127,425,462 $177,421,934

34 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Worksheet - Rural Local Roads - Unpaved For example only. Please do not use. prospective reporting Totals/Averages ,360 $12,083,280 $4,023,223 $78,969 $2,160,493 $1,862, $2,223,945 $729,289 miles feet sq yards feet acres

35 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Rural Local Roads - Chip Seal For example only. Please do not use. prospective reporting Totals/Averages ,501 $19,721,035 $6,455,193 $121,346 $3,146,258 $3,308, $3,214,404 $1,044,672 miles feet sq yards feet acres

36 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Rural Local Roads - Paved For example only. Please do not use. prospective reporting Totals/Averages ,656 $18,362,960 $8,977,055 $176,168 $3,050,114 $5,926, $2,223,945 $1,083,946 miles feet sq yards feet acres

37 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Rural Collectors For example only. Please do not use. prospective reporting Totals/Averages ,177,147 $130,663,280 $54,194,520 $1,044,602 $21,059,296 $33,135, $2,778,785 $1,144,314 miles feet sq yards feet acres

38 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Urban Local Roads For example only. Please do not use. prospective reporting Totals/Averages ,741 $37,972,704 $15,686,864 $310,427 $6,430,182 $9,256, $2,367,694 $962,240 miles feet sq yards feet acres

39 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Urban Collectors For example only. Please do not use. prospective reporting Totals/Averages ,578,427 $236,764,000 $99,047,301 $1,915,429 $41,193,730 $57,853, $9,727,913 $3,756,625 miles feet sq yards feet acres

40 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Urban Arterial Streets For example only. Please do not use. prospective reporting Totals/Averages ,386,000 $255,024,000 $85,170,600 $1,623,045 $39,917,168 $45,253, $8,409,079 $2,658,868 miles feet sq yards feet acres

41 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Bridges Totals/Averages 35 $25,154,000 $11,902,116 $232,679 $4,611,240 $7,290,877 feet

42 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Streetlights Totals/Averages $10,961,121 $6,397,705 $187,376 $4,865,461 $1,532,244

43 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Sidewalks Totals/Averages $639,000 $106,162 $1,756 $66,119 $40,043

44 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Storm Drainage Totals/Averages $19,559 $1,486,484 $549,311 $10,743 $233,600 $315,711

45 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Storm Drainage Totals/Averages $19,559 $449,857 $166,239 $3,251 $70,385 $95,854

46 Appendix B General Infrastructure Record Worksheets: Set Two filled-in (with deflator look-up tables and depreciation formulas) Infrastructure Inventory and Property Record Template - Traffic Signals Totals/Averages $791,152 $16,676 $621,416 $169,736

47 Appendix C Replacement Cost One-Page Summary

48 Appendix C Replacement Cost One-Page Summary Arterials (Urban) $ 184 Collectors (Urban) $ 150 Collectors (Rural) $ 111 Local Systems Roads and Streets ($/yds 2 ) Paved (Urban) $ 63 Paved (Rural) $ 35 Surface Treatments (Rural) $ 26 Unpaved (Rural) $ 23 Bridges ($/ft 2 ) Length < 125' (Local Funding) $ 134 Length > 125' (Federal Funding) $ 254 Storm Drainage ($/LFT) $ 76 Regulated Drainage ($/LFT) $ 23 Traffic Signals ($/Intersection) $ 148,930 Streetlights ($/Light) $ 9,813 Sidewalks ($/LFT) $ 40

49 Appendix D Information on Replacement Cost

50 Appendix D Information on Replacement Cost Data selection Roads and Streets ($/yds 2 ) Based on information 2003 Modified (CPI) to Year 2012 Indiana County Indiana Bridge Regulated analysis Drain Analysis One county at Northeast Indiana One county at Northwest Indiana One county at Eastcentral Indiana One county at Southeast Indiana One county at Northwest Indiana One county at Northwest Indiana One county at Northwest Indiana One county at Northeast Indiana One county at Eastcentral Indiana One county at Southwest Indiana One county at Westcentral Indiana One county at Northwest Indiana 1 City of Indianapolis Averge Sources see appendix "regulated drain" see appendix "bridge analysis" Arterials (Urban) $ 95 $ 119 $ 220 $ 43 $ 213 $ 184 Collectors (Urban) $ 86 $ 107 $ 200 $ 26 $ 142 $ 150 Collectors (Rural) $ 76 $ 95 $ 150 $ 89 $ 111 Local Systems Paved (Urban) $ 56 $ 70 $ 203 $ 18 $ 70 $ 50 $ 63 Paved (Rural) $ 28 $ 35 $ 30 $ 40 $ 35 Surface Treatments (Rural) $ 20 $ 25 $ 4 $ 2 $ 27 $ 26 Unpaved (Rural) $ 17 $ 21 $ 1 $ 25 $ 23 average of shaded values Bridges ($/ft 2 ) Length < 125' (Local Funding) $ 106 $ 132 $ 181 $ 144 $ 106 $ 106 $ 134 Length > 125' (Federal Funding) $ 168 $ 210 $ 201 $ 306 $ 254 Storm Drainage ($/LFT) $ 73 $ 91 $ 60 $ 30 $ 76 Regulated Drainage ($/LFT) $ 23 $ 5 $ 3 $ 23 Traffic Signals ($/Intersection) $ 77,000 $ 96,078 $ 150,000 $ 130,000 $ 190,000 $ 200,000 $ 127,500 $ 148,930 Streetlights ($/Light) $ 5,000 $ 6,239 $ 700 $ 13,200 $ 10,000 $ 9,813 Sidewalks ($/LFT) $ 15 $ 19 $ 40 $ 50 $ 25 $ 65 $ 40 Note: 1. The sidewalks cost of Indianapolis is obtained from "

51 Appendix D Information on Replacement Cost Regulated Drain Indiana County Regulated Drain Analysis Replacement cost Additions, Retirements original cpi modified County per foot Selected Value in 2011 pricing to 2012 Benton County $20' to $35' 27.5 no Carroll County $14.67' no Elkhart County $10' to $20' to $35' 22.5 no Steuben County $22' 22 no Wells County $15' 15 no Whitley County $20' Starke County $18' 18 no Boone County $20' 20 no Tippecanoe County $8', $14', $22' 15? Hendricks County $15' 15? Elkhart County Starke County Note: 2012 cpi per Elkhart County, IN Surveyor current average for 12" at $15 to $20 per foot installed so average = $17.50 per foot for 12" current average for 24" at $30 to $40 per foot installed per foot installed so average = $35 per foot for 24"" per Whitley County, IN Surveyor/Engineer 15" = $12 per foot for material and installation + engineering at 15 to 20% + labor and equipment to total of about $20' 18" = $14 per foot for material and installation + engineering at 15 to 20% + labor and equipment to total of about $25' 24" = $20 per foot for material and installation + engineering at 15 to 20% + labor and equipment to total of about $32' opting to exclude Regulated Drains - Lake, Porter, Noble, Monroe, Morgan, Allen, Counties

52 Appendix D Information on Replacement Cost Survey feedback Infrastructure Total cost Width (yard) Length (yard) Area (yard^2) Unit cost Chip seal $ 47, $ 4 yard^2 Whitely Bridge $ 124 ft^2 Bridge $ 161 ft^2 Bridge $ 147 ft^2 Benton Bridge $ 106 ft^2 City of Shelbyville Urban residential street $ $ 203 yard^2 Reg Drain $ 3 Per ft DeKalb Reg Drain $ 5 Per ft Reg Drain $ 8 Per ft Reg Drain $ 39 Per ft Elkhart Urban local street $ 418, $ 69 yard^2 Urban local street $ 418, $ 69 yard^2 Porter Asphalt Road $ 42, $ 18 yard^2 Concrete sidewalk $ 40 Per ft Bridge $ 263 ft^2 Starke Bridge $ 200 ft^2 Bridge $ 455 ft^2 Reg Drain $ 18 Per ft White Bridge $ 106 ft^2 Arterials (Urban) $ 220 yard^2 Collectors (Urban) $ 200 yard^2 Collectors (Rural) $ 150 yard^2 Paved (Urban) $ 70 yard^2 Elkhart County (Survey feedback) City of Westfield (Survey feedback) St Joseph (Survey feedback) Paved (Rural) $ 30 yard^2 Unpaved/Gravel (Rural) $ 1 yard^2 Storm Drainage $ 60 Per ft Traffic Signals $ 150,000 Per Intersection Streetlights $ 700 Per Light Sidewalks $ 50 Per ft Arterials $ 43 yard^2 Collectors $ 26 yard^2 Chip Seal over Gravel Road $ 2 yard^2 Storm Drainage $ 30 Per ft Regulated Drainage $ 3 Per ft Traffic Signals $ 130,000 Per Intersection Streetlights $ 13,200 Per Light Sidewalks $ 25 Per ft Arterials (Urban) $ 213 yard^2 Collectors (Urban) $ 142 yard^2 Collectors (Rural) $ 89 yard^2 Paved (Urban) $ 50 yard^2 Paved (Rural) $ 40 yard^2 Chip seal $ 27 yard^2 Unpaved/Gravel (Rural) $ 25 yard^2 Traffic Signals $ 127,500 Per Intersection

53 Bridge Cost Summary Bridges ($/ft 2 ) Length < 125' (Local Funding) $ $ 181 Length > 125' (Federal Funding) $ $ 201 Appendix D Information on Replacement Cost Bridge analysis The following inofrmations are obtained from Need Assessment for Local Roads and Streets Locally funded $ 175 $ 189 Bridges ($/ft 2 ) Federally funded $ 192 $ 207 CPI The following inofrmations are obtained from inbridges.indot.in.gov/ Total Project Parent Asset Name Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) Unit cost (dollars) Length>125' Average County Bridges - Madison County Bridges - Tippecanoe County Bridges - Putnam County Bridges - Wayne County Bridges - Hancock County Bridges - LaPorte County Bridges - Marion County Bridges - Hamilton County Bridges - Jennings County Bridges - Vigo 1, County Bridges - Tipton County Bridges - Marion County Bridges - Delaware County Bridges - Marion County Bridges - Jennings County Bridges - Wayne County Bridges - Bartholomew County Bridges - Fountain County Bridges - Hendricks 1, County Bridges - LaPorte County Bridges - Hamilton County Bridges - Fountain County Bridges - Tippecanoe County Bridges - Hamilton County Bridges - Greene County Bridges - Pulaski 1, County Bridges - Wells 1, County Bridges - Clinton County Bridges - Marion County Bridges - Lawrence County Bridges - Marion County Bridges - Delaware 1, County Bridges - Fountain County Bridges - Hancock County Bridges - Marshall County Bridges - Parke County Bridges - Randolph County Bridges - Franklin County Bridges - Sullivan 1, County Bridges - Lawrence County Bridges - Marshall County Bridges - Jay County Bridges - Parke 1, County Bridges - Wayne 1, County Bridges - Clark 2, County Bridges - Dearborn County Bridges - Porter County Bridges - Clay

54 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Madison County Bridges - Hendricks County Bridges - Allen County Bridges - Lawrence County Bridges - Parke County Bridges - Starke County Bridges - Madison County Bridges - Jay County Bridges - Shelby County Bridges - Putnam County Bridges - Gibson County Bridges - Pike County Bridges - Lake County Bridges - Madison County Bridges - Pike County Bridges - Marion County Bridges - Tippecanoe County Bridges - Dekalb 1, County Bridges - Jay County Bridges - Harrison County Bridges - Henry County Bridges - Washington County Bridges - Johnson 1, County Bridges - Wabash 1, County Bridges - Jefferson County Bridges - Jefferson County Bridges - Decatur 1, County Bridges - Gibson County Bridges - Wells County Bridges - Putnam County Bridges - Marshall 1, County Bridges - Parke County Bridges - Shelby County Bridges - Putnam 1, County Bridges - Parke County Bridges - Putnam County Bridges - Marion County Bridges - Randolph County Bridges - Rush County Bridges - Johnson County Bridges - Marshall 1, County Bridges - Randolph County Bridges - Henry County Bridges - Marion County Bridges - Bartholomew County Bridges - Jennings 1, County Bridges - Wabash 1, County Bridges - Wayne County Bridges - Sullivan County Bridges - Jefferson County Bridges - Decatur 1, County Bridges - Wayne County Bridges - Wayne County Bridges - Clinton County Bridges - Shelby 1, County Bridges - Knox County Bridges - Marshall 1, County Bridges - Ripley 2, County Bridges - Putnam 1, County Bridges - Putnam 1, County Bridges - Pike 1, County Bridges - Lawrence County Bridges - Wayne County Bridges - Marion Unit cost (dollars)

55 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Decatur County Bridges - Parke County Bridges - Vermillion County Bridges - Decatur County Bridges - Wayne County Bridges - Putnam 1, County Bridges - Wayne 2, County Bridges - Lake County Bridges - Parke County Bridges - Vanderburgh County Bridges - Marshall 1, County Bridges - Crawford County Bridges - Gibson County Bridges - Decatur County Bridges - Lake 1, County Bridges - Marion County Bridges - Shelby County Bridges - Lawrence County Bridges - LaPorte County Bridges - Tippecanoe 1, County Bridges - Putnam County Bridges - Jennings County Bridges - Putnam 2, County Bridges - Marion County Bridges - LaPorte County Bridges - Posey 1, County Bridges - Boone 2, County Bridges - Floyd 2, County Bridges - Delaware 1, County Bridges - Madison County Bridges - Lawrence County Bridges - Marshall 1, County Bridges - Jennings 1, County Bridges - Vermillion County Bridges - Parke County Bridges - Vigo 2, County Bridges - Lawrence 1, County Bridges - Union County Bridges - Putnam County Bridges - Delaware 1, County Bridges - Randolph County Bridges - Clinton County Bridges - Howard County Bridges - Putnam County Bridges - Tippecanoe 1, County Bridges - Lake County Bridges - Delaware 2, County Bridges - Parke County Bridges - Hancock 1, County Bridges - Marion County Bridges - Porter 1, County Bridges - Marion County Bridges - Huntington County Bridges - Parke 1, County Bridges - Marion County Bridges - Madison County Bridges - Lake 1, County Bridges - Hendricks County Bridges - Putnam County Bridges - Marion County Bridges - Owen County Bridges - Lawrence County Bridges - Hancock County Bridges - Marion Unit cost (dollars)

56 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Dubois County Bridges - Elkhart County Bridges - Putnam 2, County Bridges - Jefferson County Bridges - Lake 4, County Bridges - Warrick County Bridges - Putnam County Bridges - Marion County Bridges - Parke County Bridges - Vermillion County Bridges - Warrick County Bridges - LaPorte County Bridges - Randolph County Bridges - Boone County Bridges - Marion 1, County Bridges - Putnam County Bridges - Jennings 1, County Bridges - Allen County Bridges - Marion 1, County Bridges - Allen 1, County Bridges - Putnam County Bridges - Parke 2, County Bridges - Lake 1, County Bridges - Johnson County Bridges - Wayne 1, County Bridges - Shelby County Bridges - Miami 1, County Bridges - Marion County Bridges - Putnam 2, County Bridges - Morgan 1, County Bridges - Hamilton County Bridges - Parke County Bridges - Marion County Bridges - Wabash County Bridges - Huntington 1, County Bridges - Miami 1, County Bridges - Randolph County Bridges - Tippecanoe 1, County Bridges - Marion County Bridges - Howard County Bridges - Vanderburgh 1, County Bridges - Marion 1, County Bridges - St. Joseph County Bridges - Elkhart County Bridges - Fountain County Bridges - Huntington County Bridges - Bartholomew County Bridges - Huntington 1, County Bridges - Marion 4, County Bridges - Warrick County Bridges - Putnam County Bridges - Bartholomew County Bridges - Putnam County Bridges - Crawford County Bridges - Allen 1, County Bridges - St. Joseph County Bridges - Parke 1, County Bridges - Decatur County Bridges - Boone County Bridges - Parke County Bridges - Bartholomew County Bridges - Lawrence County Bridges - Miami 1, County Bridges - Delaware Unit cost (dollars)

57 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Lawrence County Bridges - Marion 1, County Bridges - Pulaski County Bridges - Allen 2, County Bridges - Grant 1, County Bridges - Madison County Bridges - Marion 1, County Bridges - Wabash 1, County Bridges - Huntington 1, County Bridges - Wells County Bridges - Warrick 1, County Bridges - Delaware County Bridges - Grant 1, County Bridges - Wayne County Bridges - Parke 1, County Bridges - Delaware 2, County Bridges - Putnam County Bridges - Delaware County Bridges - Marion 1, County Bridges - St. Joseph County Bridges - White County Bridges - Marion 2, County Bridges - Marion County Bridges - Lake County Bridges - Lawrence 1, County Bridges - Marion 1, County Bridges - Grant 1, County Bridges - Lake County Bridges - Madison 1, County Bridges - St. Joseph County Bridges - St. Joseph County Bridges - Madison County Bridges - Elkhart County Bridges - Madison 1, County Bridges - Montgomery County Bridges - Jackson 1, County Bridges - Parke 1, County Bridges - St. Joseph County Bridges - Jackson County Bridges - Grant 1, County Bridges - St. Joseph 1, County Bridges - Crawford 2, County Bridges - Warrick 1, County Bridges - Union 1, County Bridges - White 2, County Bridges - Knox 2, County Bridges - Posey 2, County Bridges - Franklin 1, County Bridges - Madison 16, County Bridges - Lawrence 3, County Bridges - Vanderburgh Unit cost (dollars) Length<125' Average County Bridges - Vanderburgh County Bridges - Warrick County Bridges - Jennings County Bridges - Fountain County Bridges - Gibson County Bridges - Fulton County Bridges - Howard County Bridges - Ripley County Bridges - Grant County Bridges - Madison

58 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Knox 1, County Bridges - Shelby County Bridges - Howard County Bridges - Howard County Bridges - Jasper County Bridges - Madison County Bridges - Delaware County Bridges - Fayette County Bridges - Marion County Bridges - Knox County Bridges - Madison 1, County Bridges - Jackson County Bridges - Huntington County Bridges - Montgomery County Bridges - Hamilton County Bridges - Howard County Bridges - Delaware County Bridges - Warrick County Bridges - Madison County Bridges - Randolph County Bridges - Posey County Bridges - Warren County Bridges - Boone County Bridges - Vigo 1, County Bridges - Lawrence County Bridges - Fountain County Bridges - Fountain County Bridges - Boone County Bridges - Marion County Bridges - Daviess County Bridges - Knox County Bridges - Dubois County Bridges - Posey County Bridges - Marion County Bridges - Parke County Bridges - Marion County Bridges - Lake County Bridges - Wayne County Bridges - Noble 1, County Bridges - Hancock County Bridges - Boone County Bridges - Jennings County Bridges - St. Joseph County Bridges - St. Joseph County Bridges - Delaware County Bridges - Marion County Bridges - Morgan County Bridges - Vanderburgh County Bridges - Putnam County Bridges - Crawford County Bridges - Wells County Bridges - Hamilton County Bridges - Lawrence County Bridges - Randolph County Bridges - Shelby County Bridges - Lawrence County Bridges - Vigo County Bridges - Johnson County Bridges - Marion County Bridges - Miami County Bridges - Jefferson County Bridges - Vanderburgh County Bridges - Marshall County Bridges - Perry Unit cost (dollars)

59 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Tipton County Bridges - Randolph County Bridges - Martin County Bridges - Gibson County Bridges - Lawrence County Bridges - Vanderburgh County Bridges - Montgomery County Bridges - Hendricks County Bridges - Montgomery County Bridges - Knox County Bridges - Allen County Bridges - Elkhart County Bridges - Jefferson County Bridges - Shelby County Bridges - Lake 1, County Bridges - Marion County Bridges - Newton County Bridges - Noble County Bridges - Henry County Bridges - Jefferson County Bridges - Spencer County Bridges - Pike County Bridges - Randolph County Bridges - Knox County Bridges - Hendricks County Bridges - Tippecanoe County Bridges - Lake 1, County Bridges - Elkhart County Bridges - Gibson County Bridges - Parke 1, County Bridges - Union County Bridges - Orange County Bridges - Clinton County Bridges - Clinton County Bridges - Marion County Bridges - Randolph County Bridges - Greene County Bridges - Morgan County Bridges - Morgan County Bridges - Steuben County Bridges - Madison County Bridges - Marion County Bridges - St. Joseph County Bridges - St. Joseph County Bridges - Hamilton County Bridges - Newton County Bridges - Marion County Bridges - Shelby County Bridges - Spencer County Bridges - Vanderburgh County Bridges - Montgomery 1, County Bridges - Lawrence County Bridges - Madison County Bridges - Vigo County Bridges - Wabash County Bridges - Jefferson County Bridges - Boone County Bridges - Shelby County Bridges - White County Bridges - Fountain County Bridges - Crawford County Bridges - Randolph County Bridges - White County Bridges - Marion Unit cost (dollars)

60 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Morgan County Bridges - Putnam County Bridges - Bartholomew County Bridges - Daviess County Bridges - Wayne County Bridges - Hendricks County Bridges - Posey County Bridges - Marion County Bridges - Vanderburgh County Bridges - Fountain County Bridges - Owen County Bridges - Miami County Bridges - Miami County Bridges - Newton County Bridges - Parke County Bridges - Wayne County Bridges - Allen County Bridges - Steuben County Bridges - Marion County Bridges - Madison County Bridges - Lawrence County Bridges - Franklin County Bridges - Fountain County Bridges - Fountain County Bridges - Marion County Bridges - Brown County Bridges - LaGrange 1, County Bridges - Orange County Bridges - White County Bridges - Madison County Bridges - Jasper County Bridges - Jay County Bridges - Vigo County Bridges - Marion County Bridges - Posey County Bridges - Greene County Bridges - Daviess 1, County Bridges - Monroe County Bridges - Greene County Bridges - Hancock County Bridges - Marshall County Bridges - Hancock County Bridges - Shelby County Bridges - Daviess County Bridges - Spencer County Bridges - Marshall County Bridges - Lawrence County Bridges - Washington County Bridges - Lawrence County Bridges - Posey County Bridges - Tippecanoe County Bridges - Tippecanoe County Bridges - Monroe County Bridges - Elkhart County Bridges - Posey County Bridges - Union County Bridges - Lake County Bridges - Marion County Bridges - Lawrence County Bridges - White County Bridges - Parke County Bridges - Franklin County Bridges - Delaware County Bridges - Spencer Unit cost (dollars)

61 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Vanderburgh County Bridges - Marion County Bridges - Jennings County Bridges - Madison County Bridges - Tippecanoe County Bridges - Dubois County Bridges - Dekalb County Bridges - Vermillion County Bridges - Tippecanoe County Bridges - Wells County Bridges - Rush County Bridges - Randolph County Bridges - Randolph County Bridges - Parke County Bridges - Lawrence County Bridges - Hamilton County Bridges - Elkhart County Bridges - Vigo 1, County Bridges - Spencer County Bridges - Marion County Bridges - Grant County Bridges - Fountain County Bridges - Henry County Bridges - Greene County Bridges - Gibson County Bridges - Marion County Bridges - Marion County Bridges - Shelby County Bridges - Greene County Bridges - Tippecanoe County Bridges - Wells County Bridges - Hamilton County Bridges - Scott County Bridges - Jasper County Bridges - Wayne County Bridges - Randolph County Bridges - Randolph County Bridges - Lawrence County Bridges - Adams County Bridges - Putnam County Bridges - Madison County Bridges - Knox County Bridges - Gibson County Bridges - Vanderburgh County Bridges - Parke County Bridges - Huntington County Bridges - Jackson County Bridges - Orange County Bridges - Randolph County Bridges - Union County Bridges - Wabash County Bridges - White County Bridges - Brown County Bridges - Allen County Bridges - Newton County Bridges - Lawrence County Bridges - Marion County Bridges - Kosciusko County Bridges - Lawrence County Bridges - Ripley County Bridges - Hancock County Bridges - Daviess County Bridges - White County Bridges - Switzerland Unit cost (dollars)

62 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Fountain County Bridges - Jackson County Bridges - Noble County Bridges - Knox County Bridges - Lake 1, County Bridges - Marion County Bridges - Owen 1, County Bridges - Carroll County Bridges - Fountain County Bridges - Sullivan County Bridges - Jefferson County Bridges - Elkhart County Bridges - Shelby County Bridges - Marion County Bridges - Knox County Bridges - Parke County Bridges - Putnam County Bridges - Orange County Bridges - Marion County Bridges - Dubois County Bridges - Monroe County Bridges - Randolph County Bridges - Jasper County Bridges - Vigo County Bridges - Wells County Bridges - Delaware County Bridges - Henry County Bridges - St. Joseph County Bridges - Tippecanoe County Bridges - Tippecanoe County Bridges - Pike County Bridges - Greene County Bridges - Madison County Bridges - Lake County Bridges - Fayette County Bridges - Decatur County Bridges - Boone County Bridges - Brown County Bridges - Greene County Bridges - Pike County Bridges - Newton County Bridges - Wayne County Bridges - Benton County Bridges - Madison County Bridges - Porter 1, County Bridges - Marion County Bridges - Sullivan County Bridges - Sullivan County Bridges - Fountain County Bridges - Fountain County Bridges - Warrick County Bridges - Elkhart County Bridges - Pike County Bridges - Marion County Bridges - Allen County Bridges - Tipton County Bridges - St. Joseph County Bridges - Vermillion 1, County Bridges - Posey County Bridges - Shelby County Bridges - Lawrence County Bridges - Crawford County Bridges - Putnam County Bridges - Jennings Unit cost (dollars)

63 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Gibson County Bridges - Miami County Bridges - Jefferson County Bridges - Tippecanoe County Bridges - Vanderburgh County Bridges - Fayette County Bridges - Allen County Bridges - Vigo County Bridges - Madison County Bridges - Marion County Bridges - Putnam County Bridges - Vanderburgh County Bridges - Gibson County Bridges - Knox County Bridges - Allen County Bridges - Marion County Bridges - Lake County Bridges - Vigo County Bridges - Brown County Bridges - Greene County Bridges - Jennings County Bridges - Crawford County Bridges - White County Bridges - Allen County Bridges - Monroe County Bridges - Montgomery County Bridges - Pike County Bridges - Gibson County Bridges - Warrick County Bridges - Boone County Bridges - Madison County Bridges - St. Joseph County Bridges - Marion County Bridges - Newton County Bridges - Jackson County Bridges - Marion County Bridges - Randolph County Bridges - Marion County Bridges - Vanderburgh County Bridges - Owen County Bridges - Jennings County Bridges - Elkhart County Bridges - Gibson County Bridges - Perry County Bridges - Jefferson County Bridges - Parke County Bridges - Randolph County Bridges - Howard County Bridges - Warrick County Bridges - LaGrange County Bridges - Hancock County Bridges - Monroe County Bridges - Wells County Bridges - Vermillion County Bridges - Howard County Bridges - Perry County Bridges - Crawford County Bridges - Gibson County Bridges - Newton County Bridges - Perry County Bridges - Fulton County Bridges - Perry County Bridges - Newton County Bridges - Jackson Unit cost (dollars)

64 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Jasper County Bridges - Spencer County Bridges - Tippecanoe County Bridges - St. Joseph County Bridges - Jefferson County Bridges - Vigo 1, County Bridges - Wayne County Bridges - Porter County Bridges - Bartholomew County Bridges - Marion County Bridges - Fountain County Bridges - Tippecanoe County Bridges - Whitley County Bridges - Lake County Bridges - Allen County Bridges - Hamilton County Bridges - Lake County Bridges - Marion County Bridges - Randolph County Bridges - Newton County Bridges - Delaware County Bridges - Johnson County Bridges - Johnson County Bridges - Madison County Bridges - Parke County Bridges - Washington County Bridges - Marion County Bridges - Gibson County Bridges - Clinton County Bridges - Delaware County Bridges - Wells County Bridges - Wells County Bridges - Madison County Bridges - Brown County Bridges - Jennings County Bridges - Daviess County Bridges - Grant County Bridges - Fayette County Bridges - Pike County Bridges - Newton County Bridges - Bartholomew County Bridges - Rush County Bridges - Fountain County Bridges - Lake County Bridges - Knox County Bridges - Spencer County Bridges - Perry County Bridges - Miami County Bridges - White County Bridges - Newton County Bridges - Allen County Bridges - Vanderburgh County Bridges - Dearborn County Bridges - Fulton County Bridges - Washington County Bridges - Allen County Bridges - Marion County Bridges - Knox County Bridges - Knox County Bridges - Warrick County Bridges - Vigo County Bridges - Warrick County Bridges - Hancock County Bridges - Marion Unit cost (dollars)

65 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Marion County Bridges - Jefferson County Bridges - Knox County Bridges - Johnson County Bridges - Marion County Bridges - Knox County Bridges - Elkhart County Bridges - Monroe County Bridges - Spencer County Bridges - Hamilton County Bridges - Perry County Bridges - Wells County Bridges - Parke County Bridges - Marion County Bridges - Clinton County Bridges - Randolph County Bridges - Benton County Bridges - Hancock County Bridges - Monroe County Bridges - Hancock County Bridges - Pulaski County Bridges - Rush County Bridges - Marion County Bridges - White County Bridges - Marion County Bridges - White County Bridges - Madison County Bridges - Daviess County Bridges - Marion County Bridges - Jasper County Bridges - Miami County Bridges - Dearborn County Bridges - Bartholomew County Bridges - Lawrence County Bridges - Montgomery County Bridges - Vanderburgh County Bridges - Vermillion County Bridges - Fayette County Bridges - Delaware County Bridges - Madison County Bridges - Greene County Bridges - Marshall County Bridges - Pulaski County Bridges - Elkhart County Bridges - Allen County Bridges - Allen County Bridges - Elkhart County Bridges - Gibson County Bridges - Pike County Bridges - Perry County Bridges - Brown County Bridges - Madison County Bridges - Madison County Bridges - Elkhart County Bridges - Lake County Bridges - White County Bridges - Hendricks County Bridges - Noble County Bridges - Johnson County Bridges - Fountain County Bridges - Perry County Bridges - Noble County Bridges - St. Joseph County Bridges - Clinton Unit cost (dollars)

66 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Crawford County Bridges - St. Joseph County Bridges - Pike County Bridges - Jefferson County Bridges - Gibson County Bridges - Gibson County Bridges - Newton County Bridges - Knox County Bridges - Huntington County Bridges - Blackford County Bridges - Newton County Bridges - Franklin County Bridges - Putnam County Bridges - Fayette County Bridges - Wabash County Bridges - Pulaski County Bridges - Hendricks County Bridges - Dubois County Bridges - Warrick County Bridges - Allen County Bridges - Blackford County Bridges - Marion County Bridges - Bartholomew County Bridges - Vanderburgh County Bridges - Porter County Bridges - Jefferson County Bridges - Randolph County Bridges - Marion County Bridges - Wayne County Bridges - Monroe County Bridges - Franklin County Bridges - Allen County Bridges - Delaware County Bridges - Vanderburgh County Bridges - Marion County Bridges - Madison County Bridges - Gibson County Bridges - Gibson County Bridges - Newton County Bridges - Pulaski County Bridges - Fountain County Bridges - White County Bridges - Clinton County Bridges - Vanderburgh County Bridges - Marion County Bridges - Delaware County Bridges - Elkhart County Bridges - Lawrence County Bridges - Posey County Bridges - Allen County Bridges - Crawford County Bridges - Marion County Bridges - Gibson County Bridges - Gibson County Bridges - Spencer County Bridges - Spencer County Bridges - Jefferson County Bridges - Jackson County Bridges - Randolph County Bridges - Allen County Bridges - Allen County Bridges - Lawrence County Bridges - Pulaski County Bridges - Lake Unit cost (dollars)

67 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - White County Bridges - Tippecanoe County Bridges - White County Bridges - Tippecanoe County Bridges - Starke County Bridges - Jefferson County Bridges - Marion County Bridges - Clinton County Bridges - Shelby County Bridges - Vanderburgh County Bridges - Benton County Bridges - Warrick County Bridges - Warren County Bridges - Elkhart County Bridges - Hamilton County Bridges - Henry County Bridges - Pike County Bridges - Wells County Bridges - Fountain County Bridges - Grant County Bridges - Wayne County Bridges - Delaware County Bridges - Steuben County Bridges - Steuben County Bridges - Perry County Bridges - Steuben County Bridges - Steuben County Bridges - Steuben County Bridges - Steuben County Bridges - Steuben County Bridges - Elkhart County Bridges - Delaware County Bridges - Jennings County Bridges - Starke County Bridges - Wabash County Bridges - Allen County Bridges - Dubois County Bridges - Greene County Bridges - Jefferson County Bridges - Wayne County Bridges - Marion County Bridges - Pike County Bridges - Randolph County Bridges - Elkhart County Bridges - Elkhart County Bridges - Sullivan County Bridges - Gibson County Bridges - Gibson County Bridges - Vigo County Bridges - Spencer County Bridges - Gibson County Bridges - Gibson County Bridges - Delaware County Bridges - Jefferson County Bridges - Steuben County Bridges - Perry County Bridges - Jefferson County Bridges - Marion County Bridges - Lake County Bridges - Randolph County Bridges - Montgomery County Bridges - Starke County Bridges - Randolph County Bridges - Grant Unit cost (dollars)

68 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Shelby County Bridges - Greene County Bridges - Greene County Bridges - Fountain County Bridges - Gibson County Bridges - Dearborn County Bridges - Wabash County Bridges - Wabash County Bridges - Pike County Bridges - Gibson County Bridges - Tippecanoe County Bridges - Vanderburgh County Bridges - Bartholomew County Bridges - Newton County Bridges - Newton County Bridges - Grant County Bridges - Switzerland County Bridges - Tipton County Bridges - Hendricks County Bridges - Parke County Bridges - Lawrence County Bridges - Delaware County Bridges - Martin County Bridges - Porter County Bridges - Marion County Bridges - Perry County Bridges - Dubois County Bridges - Greene County Bridges - Whitley County Bridges - Marshall County Bridges - Whitley County Bridges - Howard County Bridges - Warrick County Bridges - Fountain County Bridges - Monroe County Bridges - Delaware County Bridges - Johnson County Bridges - Dubois County Bridges - Warrick County Bridges - Scott County Bridges - Steuben County Bridges - Wayne County Bridges - Noble County Bridges - Perry County Bridges - Spencer County Bridges - Clark County Bridges - Perry County Bridges - Gibson County Bridges - Sullivan County Bridges - Pike County Bridges - Posey County Bridges - Jefferson County Bridges - Pike County Bridges - Newton County Bridges - Spencer County Bridges - Perry County Bridges - Knox County Bridges - Spencer County Bridges - Posey County Bridges - Newton County Bridges - Newton County Bridges - Jefferson County Bridges - Benton County Bridges - Rush Unit cost (dollars)

69 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Delaware County Bridges - Dearborn County Bridges - Johnson County Bridges - Jennings County Bridges - Vanderburgh County Bridges - Pike County Bridges - Fountain County Bridges - Spencer County Bridges - Spencer County Bridges - Newton County Bridges - Vanderburgh County Bridges - Newton County Bridges - Hendricks County Bridges - Sullivan County Bridges - Wabash County Bridges - Crawford County Bridges - Gibson County Bridges - Perry County Bridges - Clinton County Bridges - Randolph County Bridges - Clinton County Bridges - Marshall County Bridges - Marshall County Bridges - Floyd County Bridges - Gibson County Bridges - Brown County Bridges - Blackford County Bridges - Parke County Bridges - Warrick County Bridges - Henry County Bridges - Henry County Bridges - Starke County Bridges - Newton County Bridges - Dubois County Bridges - Fountain County Bridges - Parke County Bridges - Lake County Bridges - Shelby County Bridges - Kosciusko County Bridges - Miami County Bridges - Kosciusko County Bridges - Spencer County Bridges - Delaware County Bridges - Gibson County Bridges - Spencer County Bridges - Gibson County Bridges - Spencer County Bridges - Gibson County Bridges - LaPorte County Bridges - Jefferson County Bridges - Scott County Bridges - Rush County Bridges - Benton County Bridges - Randolph County Bridges - Boone County Bridges - Morgan County Bridges - Lawrence County Bridges - Shelby County Bridges - Knox County Bridges - Whitley County Bridges - Marion County Bridges - Steuben County Bridges - Pike County Bridges - Pike Unit cost (dollars)

70 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - St. Joseph County Bridges - Spencer County Bridges - Sullivan County Bridges - Gibson County Bridges - Switzerland County Bridges - Newton County Bridges - Gibson County Bridges - Wayne County Bridges - Elkhart County Bridges - Adams County Bridges - Wabash County Bridges - Fulton County Bridges - Fountain County Bridges - Shelby County Bridges - Fountain County Bridges - Monroe County Bridges - Monroe County Bridges - Miami County Bridges - Allen County Bridges - Gibson County Bridges - Clay County Bridges - Sullivan County Bridges - Steuben County Bridges - Vanderburgh County Bridges - Pike County Bridges - Jefferson County Bridges - Steuben County Bridges - Perry County Bridges - Newton County Bridges - Morgan County Bridges - Wayne County Bridges - Tippecanoe County Bridges - Jefferson County Bridges - Jefferson County Bridges - Jefferson County Bridges - Fountain County Bridges - Benton County Bridges - Sullivan County Bridges - Pike County Bridges - Gibson County Bridges - Perry County Bridges - Jefferson County Bridges - Gibson County Bridges - Porter County Bridges - Warrick County Bridges - Spencer County Bridges - Delaware County Bridges - Shelby County Bridges - Pike County Bridges - White County Bridges - Clinton County Bridges - Jay County Bridges - Gibson County Bridges - LaPorte County Bridges - Jefferson County Bridges - Parke County Bridges - Gibson County Bridges - LaPorte County Bridges - Spencer County Bridges - Pike County Bridges - Perry County Bridges - Gibson County Bridges - Gibson County Bridges - Spencer Unit cost (dollars)

71 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Gibson County Bridges - Jefferson County Bridges - Miami County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - St. Joseph County Bridges - Jay County Bridges - Randolph County Bridges - Marion County Bridges - Marion County Bridges - Randolph County Bridges - Miami County Bridges - Delaware County Bridges - Greene County Bridges - Parke County Bridges - Allen County Bridges - Gibson County Bridges - Jennings County Bridges - Dubois County Bridges - Dubois County Bridges - Gibson County Bridges - Vanderburgh County Bridges - Vermillion County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Perry County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Greene County Bridges - Lake County Bridges - Owen County Bridges - Miami County Bridges - Benton County Bridges - Marion County Bridges - Randolph County Bridges - Randolph County Bridges - Huntington County Bridges - Jennings County Bridges - Marion County Bridges - Lake County Bridges - Elkhart County Bridges - Putnam County Bridges - Perry County Bridges - Clinton County Bridges - Jennings County Bridges - Clinton County Bridges - Elkhart County Bridges - Gibson County Bridges - Elkhart County Bridges - Gibson County Bridges - Henry County Bridges - Gibson County Bridges - Scott County Bridges - Gibson Unit cost (dollars)

72 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Tippecanoe County Bridges - Pike County Bridges - Pike County Bridges - Spencer County Bridges - Gibson County Bridges - Jefferson County Bridges - Spencer County Bridges - Wabash County Bridges - Sullivan County Bridges - Newton County Bridges - Marshall County Bridges - Marion County Bridges - Marion County Bridges - Marion County Bridges - Warrick County Bridges - Whitley County Bridges - Gibson County Bridges - Gibson County Bridges - Kosciusko County Bridges - Vanderburgh County Bridges - Jay County Bridges - Spencer County Bridges - Spencer County Bridges - St. Joseph County Bridges - LaPorte County Bridges - Randolph County Bridges - Rush County Bridges - Tippecanoe County Bridges - Rush County Bridges - Miami County Bridges - Monroe County Bridges - Wayne County Bridges - Brown County Bridges - Gibson County Bridges - Spencer County Bridges - Gibson County Bridges - Spencer County Bridges - Pike County Bridges - Spencer County Bridges - Gibson County Bridges - St. Joseph County Bridges - Marion County Bridges - Clinton County Bridges - St. Joseph County Bridges - Jefferson County Bridges - Gibson County Bridges - Vanderburgh County Bridges - Henry County Bridges - Marion County Bridges - Spencer County Bridges - Pike County Bridges - Spencer County Bridges - Spencer County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Jay County Bridges - Jay County Bridges - Marion County Bridges - Marion County Bridges - Noble County Bridges - Rush County Bridges - LaPorte County Bridges - Jennings Unit cost (dollars)

73 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Gibson County Bridges - Elkhart County Bridges - Lake County Bridges - Gibson County Bridges - Jay County Bridges - Jennings County Bridges - White County Bridges - Washington County Bridges - Adams County Bridges - Spencer County Bridges - Perry County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Spencer County Bridges - St. Joseph County Bridges - Miami County Bridges - Morgan County Bridges - Sullivan County Bridges - Gibson County Bridges - Knox County Bridges - Perry County Bridges - Blackford County Bridges - Switzerland County Bridges - Ripley County Bridges - Wabash County Bridges - Wabash County Bridges - Wayne County Bridges - Gibson County Bridges - Miami County Bridges - Wabash County Bridges - Wabash County Bridges - Dubois County Bridges - Warrick County Bridges - Wabash County Bridges - Clinton County Bridges - Perry County Bridges - Randolph County Bridges - Wayne County Bridges - Benton County Bridges - Spencer County Bridges - Gibson County Bridges - Perry County Bridges - Gibson County Bridges - Gibson County Bridges - Pike County Bridges - Porter County Bridges - Ripley County Bridges - Delaware County Bridges - Fayette County Bridges - Clay County Bridges - Vermillion County Bridges - Madison County Bridges - Delaware County Bridges - Franklin County Bridges - Marion County Bridges - Rush County Bridges - Sullivan County Bridges - Orange County Bridges - Fountain County Bridges - Whitley County Bridges - Miami County Bridges - Huntington County Bridges - Marion Unit cost (dollars)

74 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Clinton County Bridges - Marion County Bridges - Dearborn County Bridges - Rush County Bridges - Dearborn County Bridges - Pike County Bridges - Pike County Bridges - Spencer County Bridges - Gibson County Bridges - Newton County Bridges - St. Joseph County Bridges - Clinton County Bridges - Perry County Bridges - Shelby County Bridges - Dearborn County Bridges - Jennings County Bridges - Howard County Bridges - Washington County Bridges - Ripley County Bridges - Morgan County Bridges - Clinton County Bridges - Perry County Bridges - Elkhart County Bridges - Spencer County Bridges - Gibson County Bridges - Jefferson County Bridges - St. Joseph County Bridges - Boone County Bridges - Randolph County Bridges - Grant County Bridges - Randolph County Bridges - Knox County Bridges - Tipton County Bridges - Noble County Bridges - Franklin County Bridges - Fayette County Bridges - Dubois County Bridges - Perry County Bridges - Howard County Bridges - Newton County Bridges - Washington County Bridges - Gibson County Bridges - Jennings County Bridges - Gibson County Bridges - Spencer County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Steuben County Bridges - Tippecanoe County Bridges - Gibson County Bridges - Perry County Bridges - Gibson County Bridges - Gibson County Bridges - Newton County Bridges - Porter County Bridges - Gibson County Bridges - Lawrence County Bridges - Newton County Bridges - White County Bridges - Allen Unit cost (dollars)

75 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Grant County Bridges - Jennings County Bridges - Clinton County Bridges - Perry County Bridges - Posey County Bridges - Newton County Bridges - Brown County Bridges - Miami County Bridges - Gibson County Bridges - Jefferson County Bridges - Tippecanoe County Bridges - Jackson County Bridges - Dearborn County Bridges - Lake County Bridges - Spencer County Bridges - Spencer County Bridges - Spencer County Bridges - Spencer County Bridges - Spencer County Bridges - Gibson County Bridges - Spencer County Bridges - Gibson County Bridges - Spencer County Bridges - Newton County Bridges - Bartholomew County Bridges - Steuben County Bridges - Gibson County Bridges - Jefferson County Bridges - Floyd County Bridges - Gibson County Bridges - Huntington County Bridges - Miami County Bridges - Lake County Bridges - Perry County Bridges - Lawrence County Bridges - Marion County Bridges - Madison County Bridges - Monroe County Bridges - Fulton County Bridges - Spencer County Bridges - Sullivan County Bridges - Jay County Bridges - Noble County Bridges - Greene County Bridges - Johnson County Bridges - Henry County Bridges - Wells County Bridges - Perry County Bridges - Switzerland County Bridges - Ripley County Bridges - Jefferson County Bridges - Allen County Bridges - Rush County Bridges - Wabash County Bridges - Allen County Bridges - Union County Bridges - Shelby County Bridges - Greene County Bridges - Madison County Bridges - Jackson County Bridges - Wells County Bridges - Wells County Bridges - Kosciusko County Bridges - Gibson Unit cost (dollars)

76 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Marion County Bridges - Daviess County Bridges - Johnson County Bridges - Spencer County Bridges - Greene County Bridges - Benton County Bridges - Randolph County Bridges - Randolph County Bridges - Spencer County Bridges - Lawrence County Bridges - Greene County Bridges - Benton County Bridges - Gibson County Bridges - Monroe County Bridges - Perry County Bridges - Lake County Bridges - Jefferson County Bridges - Gibson County Bridges - Spencer County Bridges - Spencer County Bridges - Steuben County Bridges - Spencer County Bridges - Dubois County Bridges - Bartholomew County Bridges - Spencer County Bridges - Newton County Bridges - Spencer County Bridges - Pike County Bridges - Pike County Bridges - Floyd County Bridges - Pike County Bridges - Spencer County Bridges - Perry County Bridges - Gibson County Bridges - Jefferson County Bridges - Spencer County Bridges - Perry County Bridges - Jefferson County Bridges - Pike County Bridges - LaPorte County Bridges - Gibson County Bridges - Knox County Bridges - Vanderburgh County Bridges - LaPorte County Bridges - Knox County Bridges - Shelby County Bridges - Switzerland County Bridges - Warrick County Bridges - Dubois County Bridges - Clinton County Bridges - Allen County Bridges - Howard County Bridges - Benton County Bridges - Dearborn County Bridges - Decatur County Bridges - Boone County Bridges - Benton County Bridges - Perry County Bridges - Franklin County Bridges - Gibson County Bridges - Tippecanoe County Bridges - Tippecanoe County Bridges - Monroe County Bridges - Marion Unit cost (dollars)

77 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Clark County Bridges - Spencer County Bridges - Spencer County Bridges - Spencer County Bridges - Jefferson County Bridges - Jefferson County Bridges - Spencer County Bridges - Shelby County Bridges - Delaware County Bridges - Boone County Bridges - Howard County Bridges - Marion County Bridges - Orange County Bridges - Boone County Bridges - Fayette County Bridges - Perry County Bridges - Elkhart County Bridges - Sullivan County Bridges - Boone County Bridges - Perry County Bridges - Fountain County Bridges - Newton County Bridges - Gibson County Bridges - Jackson County Bridges - Perry County Bridges - Washington County Bridges - Miami County Bridges - Vermillion County Bridges - Jefferson County Bridges - Gibson County Bridges - Bartholomew County Bridges - Spencer County Bridges - Jefferson County Bridges - Porter County Bridges - Pike County Bridges - Pike County Bridges - Pike County Bridges - Ohio County Bridges - Spencer County Bridges - St. Joseph County Bridges - Rush County Bridges - Randolph County Bridges - Switzerland County Bridges - Cass County Bridges - Marion County Bridges - Fountain County Bridges - Crawford County Bridges - Morgan County Bridges - Newton County Bridges - Miami County Bridges - Crawford County Bridges - Delaware County Bridges - Newton County Bridges - Dubois County Bridges - Dubois County Bridges - Jennings County Bridges - Dubois County Bridges - Spencer County Bridges - Perry County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Spencer Unit cost (dollars)

78 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Gibson County Bridges - Vanderburgh County Bridges - Spencer County Bridges - Jefferson County Bridges - Newton County Bridges - Gibson County Bridges - Fayette County Bridges - Whitley County Bridges - Morgan County Bridges - Knox County Bridges - Johnson County Bridges - Shelby County Bridges - Lake County Bridges - Gibson County Bridges - Greene County Bridges - Hamilton County Bridges - Newton County Bridges - Kosciusko County Bridges - Howard County Bridges - Delaware County Bridges - Tipton County Bridges - Hamilton County Bridges - Grant County Bridges - Newton County Bridges - Fountain County Bridges - Lake County Bridges - Dubois County Bridges - Lake County Bridges - Gibson County Bridges - Gibson County Bridges - Wayne County Bridges - Spencer County Bridges - Spencer County Bridges - Vanderburgh County Bridges - Spencer County Bridges - Jennings County Bridges - Wabash County Bridges - Vanderburgh County Bridges - Gibson County Bridges - Gibson County Bridges - St. Joseph County Bridges - Grant County Bridges - Ripley County Bridges - Lake County Bridges - Shelby County Bridges - Porter County Bridges - Jay County Bridges - Delaware County Bridges - Randolph County Bridges - Johnson County Bridges - Shelby County Bridges - Greene County Bridges - Boone County Bridges - Sullivan County Bridges - Franklin County Bridges - Randolph County Bridges - Dearborn County Bridges - Gibson County Bridges - Gibson County Bridges - Perry County Bridges - Spencer County Bridges - Spencer County Bridges - Spencer County Bridges - Bartholomew Unit cost (dollars)

79 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Jefferson County Bridges - Bartholomew County Bridges - Jefferson County Bridges - Spencer County Bridges - Pike County Bridges - Posey County Bridges - Porter County Bridges - Rush County Bridges - Allen County Bridges - Boone County Bridges - Decatur County Bridges - Porter County Bridges - Delaware County Bridges - Lawrence County Bridges - Franklin County Bridges - Marion County Bridges - Wayne County Bridges - Scott County Bridges - Fountain County Bridges - Monroe County Bridges - Dearborn County Bridges - Henry County Bridges - Henry County Bridges - Tippecanoe County Bridges - LaPorte County Bridges - Benton County Bridges - Ohio County Bridges - Hamilton County Bridges - Gibson County Bridges - Jackson County Bridges - Elkhart County Bridges - Pike County Bridges - Jay County Bridges - Spencer County Bridges - Clinton County Bridges - Jefferson County Bridges - Shelby County Bridges - Gibson County Bridges - Spencer County Bridges - Bartholomew County Bridges - Gibson County Bridges - Gibson County Bridges - Spencer County Bridges - Spencer County Bridges - Madison County Bridges - Sullivan County Bridges - Spencer County Bridges - LaPorte County Bridges - Newton County Bridges - Perry County Bridges - Jefferson County Bridges - Spencer County Bridges - Newton County Bridges - Marion County Bridges - Porter County Bridges - Newton County Bridges - Marion County Bridges - Decatur County Bridges - Johnson County Bridges - Wayne County Bridges - Howard County Bridges - Kosciusko County Bridges - Orange County Bridges - Warren Unit cost (dollars)

80 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Gibson County Bridges - Pike County Bridges - Greene County Bridges - Boone County Bridges - Greene County Bridges - Gibson County Bridges - Marion County Bridges - Fayette County Bridges - Marion County Bridges - Miami County Bridges - Dubois County Bridges - Fayette County Bridges - Dubois County Bridges - Clark County Bridges - Lake County Bridges - Spencer County Bridges - Clark County Bridges - Spencer County Bridges - Spencer County Bridges - Gibson County Bridges - Jefferson County Bridges - Spencer County Bridges - Spencer County Bridges - Gibson County Bridges - Gibson County Bridges - Randolph County Bridges - Wayne County Bridges - Shelby County Bridges - Blackford County Bridges - Miami County Bridges - Miami County Bridges - Whitley County Bridges - Jennings County Bridges - Morgan County Bridges - Dekalb County Bridges - Randolph County Bridges - Johnson County Bridges - Franklin County Bridges - Knox County Bridges - Henry County Bridges - Johnson County Bridges - Jefferson County Bridges - Crawford County Bridges - Kosciusko County Bridges - Orange County Bridges - Orange County Bridges - Gibson County Bridges - Gibson County Bridges - Kosciusko County Bridges - Gibson County Bridges - Dearborn County Bridges - Marion County Bridges - Spencer County Bridges - Vanderburgh County Bridges - Gibson County Bridges - Gibson County Bridges - LaPorte County Bridges - Gibson County Bridges - Gibson County Bridges - Spencer County Bridges - Gibson County Bridges - Madison County Bridges - Gibson County Bridges - Knox Unit cost (dollars)

81 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Steuben County Bridges - Gibson County Bridges - Spencer County Bridges - LaPorte County Bridges - Delaware County Bridges - Spencer County Bridges - Randolph County Bridges - Dearborn County Bridges - Randolph County Bridges - Lawrence County Bridges - Howard County Bridges - Washington County Bridges - Allen County Bridges - Henry County Bridges - Fountain County Bridges - Jackson County Bridges - Tippecanoe County Bridges - Gibson County Bridges - Greene County Bridges - Boone County Bridges - Montgomery County Bridges - Tipton County Bridges - Kosciusko County Bridges - Jennings County Bridges - Dearborn County Bridges - Spencer County Bridges - Spencer County Bridges - Noble County Bridges - Pike County Bridges - Gibson County Bridges - Jefferson County Bridges - Vanderburgh County Bridges - LaPorte County Bridges - Howard County Bridges - Ripley County Bridges - Owen County Bridges - Monroe County Bridges - Montgomery County Bridges - Cass County Bridges - Delaware County Bridges - Randolph County Bridges - Vanderburgh County Bridges - Newton County Bridges - Lawrence County Bridges - Boone County Bridges - Delaware County Bridges - Clinton County Bridges - Clark County Bridges - Shelby County Bridges - Shelby County Bridges - Benton County Bridges - Lawrence County Bridges - Boone County Bridges - Allen County Bridges - Hancock County Bridges - Ripley County Bridges - Starke County Bridges - Jackson County Bridges - Randolph County Bridges - Jefferson County Bridges - Orange County Bridges - Crawford County Bridges - Kosciusko County Bridges - Dekalb Unit cost (dollars)

82 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Dekalb County Bridges - Boone County Bridges - Miami County Bridges - Orange County Bridges - Jefferson County Bridges - Fayette County Bridges - Boone County Bridges - Randolph County Bridges - Perry County Bridges - Wabash County Bridges - Lake County Bridges - Dubois County Bridges - Lake County Bridges - Perry County Bridges - Clinton County Bridges - St. Joseph County Bridges - Gibson County Bridges - Spencer County Bridges - Spencer County Bridges - Vanderburgh County Bridges - Steuben County Bridges - Pike County Bridges - Monroe County Bridges - Perry County Bridges - Spencer County Bridges - Spencer County Bridges - Fayette County Bridges - Spencer County Bridges - St. Joseph County Bridges - Spencer County Bridges - Vanderburgh County Bridges - Clark County Bridges - Vanderburgh County Bridges - Pike County Bridges - Brown County Bridges - Pike County Bridges - Monroe County Bridges - Knox County Bridges - Newton County Bridges - Porter County Bridges - Knox County Bridges - Rush County Bridges - Elkhart County Bridges - Vanderburgh County Bridges - Howard County Bridges - Porter County Bridges - Jennings County Bridges - Shelby County Bridges - Ripley County Bridges - Delaware County Bridges - Jefferson County Bridges - Monroe County Bridges - Shelby County Bridges - Franklin County Bridges - Perry County Bridges - Allen County Bridges - Fayette County Bridges - Jefferson County Bridges - Fountain County Bridges - Crawford County Bridges - Clinton County Bridges - Spencer County Bridges - Gibson County Bridges - Gibson Unit cost (dollars)

83 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Gibson County Bridges - Miami County Bridges - Spencer County Bridges - Newton County Bridges - Perry County Bridges - Porter County Bridges - Morgan County Bridges - Monroe County Bridges - St. Joseph County Bridges - Whitley County Bridges - Cass County Bridges - Perry County Bridges - Perry County Bridges - Gibson County Bridges - Shelby County Bridges - Randolph County Bridges - Howard County Bridges - Howard County Bridges - Hendricks County Bridges - Fountain County Bridges - Rush County Bridges - LaPorte County Bridges - Johnson County Bridges - Hamilton County Bridges - Johnson County Bridges - Spencer County Bridges - Rush County Bridges - Dubois County Bridges - Spencer County Bridges - Spencer County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Madison County Bridges - Knox County Bridges - Perry County Bridges - Miami County Bridges - Spencer County Bridges - Spencer County Bridges - Delaware County Bridges - Wayne County Bridges - Marion County Bridges - Shelby County Bridges - Adams County Bridges - Marion County Bridges - Boone County Bridges - Perry County Bridges - Boone County Bridges - Perry County Bridges - Jackson County Bridges - Orange County Bridges - Allen County Bridges - Kosciusko County Bridges - Allen County Bridges - Allen County Bridges - Allen County Bridges - Dubois County Bridges - Spencer County Bridges - Tippecanoe County Bridges - Perry County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Spencer Unit cost (dollars)

84 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Steuben County Bridges - Gibson County Bridges - Elkhart County Bridges - Gibson County Bridges - Spencer County Bridges - Newton County Bridges - Gibson County Bridges - LaPorte County Bridges - Allen County Bridges - Carroll County Bridges - Lake County Bridges - Dearborn County Bridges - Dearborn County Bridges - Monroe County Bridges - Randolph County Bridges - Johnson County Bridges - Howard County Bridges - Boone County Bridges - Allen County Bridges - Orange County Bridges - Ripley County Bridges - Boone County Bridges - Carroll County Bridges - Jay County Bridges - Shelby County Bridges - Gibson County Bridges - Hamilton County Bridges - Boone County Bridges - Kosciusko County Bridges - Randolph County Bridges - Wabash County Bridges - Orange County Bridges - Allen County Bridges - Adams County Bridges - Fountain County Bridges - St. Joseph County Bridges - Perry County Bridges - Gibson County Bridges - Spencer County Bridges - Spencer County Bridges - Spencer County Bridges - Spencer County Bridges - Gibson County Bridges - Gibson County Bridges - Gibson County Bridges - Bartholomew County Bridges - Madison County Bridges - Steuben County Bridges - Jefferson County Bridges - St. Joseph County Bridges - Newton County Bridges - Newton County Bridges - Vanderburgh County Bridges - Newton County Bridges - Madison County Bridges - St. Joseph County Bridges - Porter County Bridges - Newton County Bridges - Howard County Bridges - Boone County Bridges - Boone County Bridges - Kosciusko County Bridges - Cass County Bridges - Clark Unit cost (dollars)

85 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Jackson County Bridges - Allen County Bridges - Orange County Bridges - Whitley County Bridges - Henry County Bridges - Marion County Bridges - Greene County Bridges - Gibson County Bridges - Rush County Bridges - Shelby County Bridges - Shelby County Bridges - Newton County Bridges - Miami County Bridges - Gibson County Bridges - Franklin County Bridges - Allen County Bridges - Gibson County Bridges - Tipton County Bridges - Spencer County Bridges - Dubois County Bridges - Marion County Bridges - Spencer County Bridges - St. Joseph County Bridges - Spencer County Bridges - Jefferson County Bridges - Jefferson County Bridges - Jackson County Bridges - Shelby County Bridges - Clark County Bridges - Randolph County Bridges - Pike County Bridges - Shelby County Bridges - Clark County Bridges - Boone County Bridges - Delaware County Bridges - Orange County Bridges - Marion County Bridges - Orange County Bridges - Greene County Bridges - Jefferson County Bridges - Perry County Bridges - Gibson County Bridges - Gibson County Bridges - Vermillion County Bridges - Jackson County Bridges - St. Joseph County Bridges - Perry County Bridges - Gibson County Bridges - Perry County Bridges - Perry County Bridges - Spencer County Bridges - Gibson County Bridges - Posey County Bridges - Vanderburgh County Bridges - Steuben County Bridges - Jennings County Bridges - Miami County Bridges - Adams County Bridges - Boone County Bridges - Wells County Bridges - Kosciusko County Bridges - Wells County Bridges - Gibson County Bridges - Miami Unit cost (dollars)

86 Appendix D Information on Replacement Cost Bridge analysis Parent Asset Name Total Project Cost Structure Length Bridge Roadway Width: Area ft^2 Unit cost (thousand dollars) County Bridges - Allen County Bridges - Fountain County Bridges - Clinton County Bridges - Miami County Bridges - Perry County Bridges - St. Joseph County Bridges - St. Joseph County Bridges - Gibson County Bridges - Monroe County Bridges - Perry County Bridges - Jefferson County Bridges - Jefferson County Bridges - LaPorte County Bridges - Marshall County Bridges - Kosciusko County Bridges - Miami County Bridges - Howard County Bridges - Lawrence County Bridges - Miami County Bridges - Vermillion County Bridges - Ripley County Bridges - Whitley County Bridges - Boone County Bridges - Marion County Bridges - Randolph County Bridges - Ripley County Bridges - Adams County Bridges - Randolph County Bridges - Rush County Bridges - Orange County Bridges - Greene County Bridges - Greene County Bridges - Franklin County Bridges - Brown County Bridges - Brown County Bridges - Ohio County Bridges - Grant County Bridges - Franklin County Bridges - Gibson County Bridges - Grant County Bridges - Jefferson County Bridges - Jefferson County Bridges - Spencer County Bridges - Jefferson County Bridges - Vanderburgh County Bridges - Hamilton Unit cost (dollars)

87 Appendix E Replacement Cost Indexes and Deflators

88 Appendix E Replacement Cost Indexes and Deflators Consumer Price Index - All Cities National Average U.S. Department of Labor Bureau of Labor Statistics 1913 to to 1830 based on growth trend calculation Year CPI deflator

89 Appendix E Replacement Cost Indexes and Deflators Year CPI deflator

90 Appendix E Replacement Cost Indexes and Deflators Year CPI deflator

91 Appendix E Replacement Cost Indexes and Deflators Year CPI deflator

92 Appendix E Replacement Cost Indexes and Deflators Year CPI deflator

93 Appendix F Recommended Practices 1, 2, 3, 4, 5 (reprinted by permission of Government Finance Officers Association, Chicago, IL)

94 RECOMMENDED PRACTICE Establishing Appropriate Capitalization Thresholds for Capital Assets (1997, 2001, and 2006) (CAAFR) Background. The term capital assets is used to describe assets that are used in operations and that have initial lives extending beyond a single reporting period. Capital assets may be either intangible (e.g., easements, water rights) or tangible (e.g., land, buildings, building improvements, vehicles, machinery, equipment and infrastructure). It is incumbent upon public-sector managers to maintain adequate control over all of a government s resources, including capital assets, to minimize the risk of loss or misuse. As a practical application of the materiality principle, not all tangible capital-type items with useful lives extending beyond a single reporting period are required to be reported in a government s statement of position. Items with extremely short useful lives (e.g., less than 2 years) or of small monetary value are properly reported as an "expense" or "expenditure" in the period in which they are acquired. When outlays for capital-type items are, in fact, reported on the statement of position, they are said to be capitalized. The monetary criterion used to determine whether a given capital asset should be reported on the balance sheet is known as the capitalization threshold. A government may establish a single capitalization threshold for all of its capital assets, or it may establish different capitalization thresholds for different classes of capital assets. Capitalization is, of its nature, primarily a financial reporting issue. That is, a government s principal concern in establishing specific capitalization thresholds ought to be the anticipated information needs of the users of the government s external financial reports. While it is essential to maintain control over all potentially capitalizable items, there exist much more efficient means than capitalization for accomplishing this objective in the case of a government s smaller tangible capital-type items. 1 Furthermore, practice has demonstrated that capital asset management systems that attempt to incorporate data on numerous smaller items are often costly and difficult to maintain and operate. Recommendation. The Government Finance Officers Association (GFOA) recommends that state and local governments consider the following guidelines in establishing capitalization thresholds: Potentially capitalizable items should only be capitalized only if they have an estimated useful life of at least two years following the date of acquisition; Capitalization thresholds are best applied to individual items rather than to groups of similar items (e.g., desks and tables), unless the effect of doing so would be to eliminate a significant portion of total capital assets (e.g., books of a library district); In no case should a government establish a capitalization threshold of less than $5,000 for any individual item; 1 See GFOA s recommended practice on Ensuring Control over Noncapitalized Items (2006).

95 In establishing capitalization thresholds, governments that are recipients of federal awards should be aware of federal requirements that prevent the use of capitalization thresholds in excess of certain specified maximum amounts (i.e., currently $5,000) for purposes of federal reimbursement; and Governments should exercise control over potentially capitalizable items that fall under the operative capitalization threshold. 2 Approved by the GFOA s Executive Board, February 24, See GFOA s recommended practice on Ensuring Control over Noncapitalized Items (2006).

96 RECOMMENDED PRACTICE The Need for Periodic Inventories of Tangible Capital Assets (1997, 2001, and 2006) (CAAFR) Background. The term capital assets is used to describe assets that are used in operations and that have initial useful lives extending beyond a single reporting period. Tangible capital assets include land, buildings, building improvements, vehicles, machinery, equipment, and infrastructure. It is essential that governments establish and maintain appropriate inventory systems for their tangible capital assets. Such systems are needed to protect tangible capital assets from the danger of loss or misuse. Many governments have installed "perpetual" inventory systems to maintain effective control over their tangible capital assets. Perpetual inventory systems are constantly updated to reflect additions and deletions of tangible capital assets, thus providing managers with direct access throughout the year to reliable information on current balances in tangible capital asset accounts. One advantage of establishing and maintaining a sound perpetual inventory system for tangible capital assets is that such a system can relieve a government of the burden of performing an annual inventory of its tangible capital assets. Such a system, however, still requires periodic verification to ensure that it is continuing to function properly as designed. Recommendation. The Government Finance Officers Association (GFOA) recommends that every state and local government periodically inventory its tangible capital assets so that all such assets are accounted for, at least on a test basis, no less often than once every five years. While well-designed and properly maintained perpetual inventory systems can eliminate the need for an annual inventory of a government s tangible capital assets, no inventory system is so reliable as to eliminate completely the need for a periodic physical inventory. Approved by the GFOA s Executive Board, February 24, 2006.

97 Establishing the Estimated Useful Lives of Capital Assets (2002) Background. Recommendation.

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99 The Government Finance Officers Association Ensuring Control over Noncapitalized Items (2005) (CAAFR) Backgroundcapital assets Items that require special attention to ensure legal compliance. Items that require special attention to protect public safety and avoid potential liability Items that require special attention to compensate for a heightened risk of theft ( walk away items) controlled capital-type items Recommendation Control normally should occur at the departmental level. Control responsibility should be assigned within each department. Basic Financial Statements and Management's Discussion and Analysis for State and Local Governments

100 Individuals responsible for controlled capital-type items should prepare and maintain a complete list of those items each year within the department. Departments should certify each year to the central accounting function (or other designated finance function) that updated lists of controlled capital-type items are on file and available for inspection. The central accounting function (or other designated finance function) should periodically verify the data on controlled capital-type items on file in each department.

101 GFOA Recommended Practice Considerations on the Use of the Modified Approach to Account for Infrastructure Assets (2002) Background modified approach. Recommendation Usefulness of data for managerial purposes. Potential impact of prospective depreciation. remaining prospective Inherent capital bias. Unmatched debt. unrestricted net assetsinvested in capital assets net of related debtunrestricted net assets

102 Reliance upon interested parties. Decreased comparability. Exhibit 1 Effect of Converting from the Modified Approach to Depreciation Accounting

103 Appendix G GAAFR Review Infrastructure Reporting, October, 2001 (reprinted by permission of Government Finance Officers Association, Chicago, IL)

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