Governmental Accounting Standards Board
The Government Accounting
Standard Board Statement 34 was issued in June 1999 and requires government
agencies to value infrastructure assets on their financial statements.
ODOT fully complied with this GASB statement in State Fiscal Year 2001.
ODOT has adopted the modified reporting approach. Impact of the modified approach is described more fully in our capitalization policy document.
If you have comments or suggestions please contact Jon Leatherman at (614) 387-0843.