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GASB-34Infrastructure Reporting

Methods and Guidelines

For County Highway Departments

MCEA GASB 34 TASK FORCE

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Rationale for Reporting Infrastructure in Annual Financial Statements

Determine whether current-year revenues were sufficient to cover the cost of current-year services

Assess the service efforts and costs of programs

Determine whether the government’s financial position improved or deteriorated as a result of the year’s operations

Assess the government’s financial position and condition

Assess the service potential of physical resources having useful lives that extend beyond the current period.

GASB instituted the infrastructure reporting requirements of GASB 34 to assist users of state and local governmental financial reports perform the following functions with respect to the governments infrastructure assets:

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Time Line for GASB 34 Compliance -

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FINANCE DEPT. DUTIES:Management’s discussion & analysis (M.D.A.)

Government wide financial statements

Assets

Activities

Separate statements for key funds

Accrual accounting

COUNTY HIGHWAY DEPT. DUTIES:

Capital asset reporting

Includes infrastructure

KEY REQUIREMENTS

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GASB 34 Definition Of Infrastructure

w Long lived capital assets that normally are stationary in nature and normally can be preserved for a significantly greater number of years than most capital assets

w Excludes buildings, except those that are an integral part of the infrastructure system

w Major general infrastructure assets can be reported on the basis of a network or a subsystem of a network

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Infrastructure Reporting

Roads, bridges, tunnels, drainage systems, water and sewer systems, dams, lighting systems, etc.

Reporting options

Standard method – Depreciation accounting

Modified method – Asset management basis

Assets should be divided into Classes (Categories) and Sub-systems

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Standard Method

Record historic cost when built

Allocate net cost (historical cost less salvage value, if applicable) over asset’s useful lifetime in a systematic and rational manner.

Report assets net of accumulated depreciation

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Modified MethodInfrastructure need not be depreciated if managed via a qualified asset management system.

Need to have up-to-date inventory of assets

Officially establish condition maintenance goals

Need to conduct condition assessmentsUse consistent, reproducible procedure

Perform assessment at least every three years

Annually estimate funding required to maintain assets at target condition level.

Document & assure that assets are being maintained at target condition level via results of last three condition assessments

Accounting: Expense repairs / Capitalize upgrades.

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Tradeoffs between infrastructure reporting options

wSubstantial administrative burden to set up and operate

wStill need to maintain asset records

wIf can’t maintain condition levels, must revert to historical cost.

wNo management value

wPublic may view results as “condition” statement instead of historical cost report.

Cons

wSubstantial management database

wEmphasis on maintenance

wEasy to implement

wLow overhead

wEasy to report

Pros

ModifiedStandardMethod

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Suggested Categories (Classes)Roads

Bridges

Right of way

Suggested Sub-systemsSurface type

Urban

Rural

Number of lanes

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Recommended Asset Lifetimes

Roads 50 years

Bridges 75 years

Right-of-way Not depreciated

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Standard Method Worksheet and Report Examples

Example 1 – Deflation Method

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2001 cost

Build year

cost

Build year cost depreciated to reporting year

2001 cost

deflated

to

year buil

t cost

Method of Determining Historical Cost and Depreciated Values

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Deflation Method:Roads are listed by segment, bridges by number and road crossing

Category Subsystems are identified and 2001 costs are estimated (See slide no. 16)

2001 costs are deflated to the build year and then are depreciated to the report year

Current year depreciation, accumulated depreciation and net values are shown by segment and totaled by category

(See next slide for notes.)

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NOTES• Need not report on projects completed before 1980

• State Aid Needs Road Segments are available in Excel format on the State Aid Web Site

• Bridge deck area and year built are available from Bridge Data sheets

• 2001 square foot bridge costs used are from June 2002 County Screening Board Data Book

• Right of way costs are for purchase year

• Report both fee and permanent easement purchases

• Right of way costs are NOT depreciated

• Right of way widths are available on Needs Sheets

• 2001 right of way costs were furnished by county assessor and were deflated to purchase year

• Straight line depreciation was used

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Sub-systems

(2001 Costs per mile used by Winona County)

CODE 2001 COSTUB 1,243,000 UC 1,847,000 RB 573,000 RC 785,000 RA 384,000 RS -

4UB - 4UC 4 LANE URBAN CONCRETE - 4RB 4 LANE RURAL BITUMINOUS - 4RC 4 LANE RURAL CONCRETE -

RURAL AGGREGATERURAL SOIL SURFACE4 LANE URBAN BITUMINOUS

ROAD TYPEURBAN BITUMINOUSURBAN CONCRETERURAL BITUMINOUSRURAL CONCRETE

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ACTUAL ACTUALYEAR 1967 1977 1987 2001 YEAR 1967 1977 1987 20011950 66.6 0.13 1976 93.4 56.3 0.391951 81.8 0.16 1977 100.0 59.8 0.411952 84.1 0.16 1978 70.7 0.491953 81.0 0.15 1979 85.5 0.591954 76.4 0.15 1980 97.2 0.671955 74.3 0.14 1981 94.2 0.651956 84.0 0.16 1982 88.5 0.611957 87.7 0.17 1983 87.6 0.601958 85.6 0.16 1984 92.6 0.641959 82.0 0.16 1985 102.0 0.701960 80.1 23.0 0.16 1986 101.1 0.701961 80.7 0.15 1987 100.0 0.691962 83.8 39.0 0.16 1988 106.6 0.741963 86.4 39.9 0.17 1989 107.7 0.741964 86.9 40.2 0.17 1990 108.5 0.751965 90.3 41.7 25.0 0.17 1991 107.5 0.741966 96.1 44.4 0.18 1992 105.1 0.731967 100.0 46.2 0.19 1993 108.3 0.751968 103.4 47.8 0.20 1994 115.1 0.791969 111.8 51.7 0.21 1995 121.9 0.841970 125.6 58.0 34.8 0.24 1996 120.2 0.831971 131.7 60.8 36.8 0.25 1997 130.6 0.901972 63.9 38.6 0.27 1998 126.9 0.881973 70.8 42.5 0.29 1999 136.5 0.941974 96.3 57.9 0.40 2000 145.6 1.011975 96.7 58.1 0.40 2001 144.8 1.00

BASE YEAR BASE YEAR

FEDERAL HIGHWAY ADMINISTRATION PRICE INDICES

Deflation FactorsConverted to year 2001 Base Year

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This information was downloaded from the 2001 Needs Study. The 2001 cost is based on each segment length and the costs per mile shown on the previous slide.

The Deflation Factor is taken from the Federal Highway Administration Price Indices (see next slide). The Build Year Cost is 2001 cost * Deflation factor (based on year of graded). TheBeginning Year Value is the deflated cost /estimated life * (estimated life - age beginning year). The One Year Depreciation is deflated cost / estimated life. Accumulated Depreciation is deflated cost – beginning years value + current year depreciation. End of Year Book Value is beginning year value less current years depreciation.

Work in Year 2001RD NO Code DESCRIPTION LENGTH Progress Const. Cost

5 RB CO RD 125 TO 1.3 M W OF CSAH 12 1.00 1995 573,000

5 RB 1.3 MI W TO 0.1 MI W OF CSAH 12 1.20 1997 687,600

5 RB 0.1 MI W OF CSAH 12 TO CSAH 12 0.10 1997 57,300

9 RA 3.4 MI N CSAH 12 TO 1.7 MI SW OF TH 61 4.50 1987 1,728,000

12 RB CSAH 7 TO 2.0 MI E 2.00 1981 1,146,000

12 RB CSAH 5 TO CSAH 16 0.30 1997 171,900

Deflation Build Year Age Begin. Current Yr Accum. End of YearFactor Cost Beg Year Yrs. Value Deprec. Deprec. Book Value

0.84 481,320 5 433,188 9,626 57,758 423,562

0.90 618,840 3 581,710 12,377 49,507 569,333

0.90 51,570 3 48,476 1,031 4,126 47,444

0.69 1,192,320 13 882,317 23,846 333,850 858,470

0.65 744,900 19 461,838 14,898 297,960 446,940

0.90 154,710 3 145,427 3,094 12,377 142,333

WINONA COUNTY CSAH ROADS

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Bridge # Road # Bridge Type Length

Structure Sq. Ft. Description

Work in Progress

Year Const. 2001 Cost

85525 2 BRIDGE 34 1,190 RUSH CREEK 1981 101,150

95414 2 BRIDGE 27 1,643 STREAM 1981 139,655

85526 4 BRIDGE 90 3,060 MONEY CREEK 1984 260,100

L1307 5 BRIDGE 64 2,048 PINE CREEK 1987 174,080

96756 7 BOX CULVERT DOUBLE10 2,121 DRY RUN 1989 180,285

85J04 7 BOX CULVERT SINGLE30 3,049 PINE CREEK 1996 259,165

Deflation Factor Build Year

Cost Age Begin

Year Begin Year

Value Current Years Depreciation

Accumulated Depreciation

End Year Book Value

0.65 65,748 21 47,338 877 19,286 46,462

0.65 90,776 21 65,359 1,210 26,628 64,148

0.64 166,464 18 126,513 2,220 42,171 124,293

0.69 120,115 15 96,092 1,602 25,625 94,491

0.74 133,411 13 110,286 1,779 24,903 108,508

0.83 215,107 6 197,898 2,868 20,077 195,030

WINONA COUNTY BRIDGES

1 0-149 FT 85.00 /FT2 150-499 FT 78.00 /FT3 OVER 500 FT 70.00 /FT

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WINONA COUNTY - RIGHT O F W A Y

2001 Cost Per Acre Municipal 261,000$

2001 Cost Per Acre Rural 1,800$ Acres = (R.O.W. width - 66 ft)*R.O.W. length

Road R.O.W. R.O.W. Year

No. Description Length Width Acres Purchased

5 Rural CO RD 125 TO 1.3 M W OF CSAH 12 1.00 200 8.12 19955 Rural 1.3 MI W TO 0.1 MI W OF CSAH 12 1.20 130 3.88 19975 Rural 0.1 MI W OF CSAH 12 TO CSAH 12 0.10 66 0.00 19979 Rural 3.4 MI N CSAH 12 TO 1.7 MI SW OF TH 61 4.50 100 2.06 1987

12 Rural CSAH 7 TO 2.0 MI E 2.00 66 0.00 198112 Rural CSAH 5 TO CSAH 16 0.30 66 0.00 1997

2001 Deflation End of

Cost Factor Year Value

14,618 0.84 12,279 6,982 0.90 6,284

- 0.90 - 3,709 0.69 2,559

- 0.65 - - 0.90 -

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Winona County – Retroactive Infrastructure Reporting

Values At End of Year 2001

WORK IN PROGRESS

RIGHT OF WAY

BUILD YEAR COST BEGINNING YEAR

VALUECURRENT YEAR DEPRECIATION

COUNTY ROADS 2,026,668$ 1,553,274$ 40,533$

COUNTY STATE AID ROADS 24,880,029$ 19,851,427$ 497,601$

COUNTY BRIDGES 5,525,709$ 4,658,579$ 73,676$

32,432,406$ 26,063,279$ 611,810$

TOTAL ACCUMULATED DEPRECIATION END OF YEAR

END OF YEAR BOOK VALUE

513,927$ 1,512,740$

5,526,203$ 19,353,826$

940,806$ 4,584,903$

6,980,936$ 25,451,469$

2,012,496$

1,459,125$

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Standard Method Worksheet and Report Examples

Example 2 – Actual Cost Method

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CSAH Reg CSAH Mun. Co. Rds Bridges Right-of-way

1980CSAH 28 $163,329.33

CSAH 29 $153,859.20CSAH 47 $237,873.19 $10,470.85

CSAH 206 Mun $134,951.91CSAH 29 Mun $49,963.48

CSAH 1 $63,011.12

Total 1980 $618,072.84 $184,915.39 $0.00 $0.00 $10,470.85- - - - - -

1981

CSAH 7 $570,203.80CSAH 11 $208,590.16

CSAH 58 $209,197.71Bridge on #67 $496,226.60

Bridge on #115 $61,936.28CSAH 77Mun $58,643.44

CSAH 50 $35,408.10CSAH 5 & 8 $71,351.09

Totals 1981 $1,094,750.86 $58,643.44 $0.00 $558,162.88 $0.00

- - - - - -

1982CSAH 42 $447,642.53 $55,708.45

CSAH 47 $198,257.13CSAH 49 $508,580.94 $20,421.68

CSAH 18 & 77 (Mun) $129,235.78C.R. 153 $78,598.14

C.R. 108 $54,321.74

Totals 1982 $1,154,480.60 $129,235.78 $132,919.88 $0.00 $76,130.13- - - - - -

1983

CSAH 36 $293,045.49 $28,602.21CSAH 49 $407,780.41

CSAH 4 $470,197.38C.R. 122 $256,664.87 $7,512.09

Totals 1983 $1,171,023.28 $0.00 $256,664.87 $0.00 $36,114.30

- - - - - -

1984CSAH 36 $311,476.24

CSAH 42 $323,929.42CSAH 1 Mun $86,098.30

CSAH 77 Mun $265,005.43Bridge on #1 $145,800.41

CSAH 74 & 65 $400,618.00

Totals 1984 $1,036,023.66 $351,103.73 $0.00 $145,800.41 $0.00

1985

Bridge on #55 $40,204.51C.R. 136 $103,683.10

CSAH 203 Mun $95,699.67CSAH 3 $960,132.92

CSAH 3 $875,912.67CSAH 8 $867,738.32

Totals 1985 $2,703,783.91 $95,699.67 $103,683.10 $40,204.51 $0.00

- - - - - -

CSAH Reg CSAH Mun. Co. Rds Bridges Right-of-way

NOTE:

Construction historical costs taken from Cass County AnnualReports by year.

CASS COUNTY ROAD CONSTRUCTION–1980-2001

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VALUE of Asset DEPRECIATION CALCULATED VALUES VALUE of AssetYear Original Current Year Beginning BalanceTotal Accumulated DepreciationCurrent YearTotal Accumulated Deprec.Remaining Balance

Acquisition Cost Additions/RetirementsAnd Addition/Retirements Beginning of Year Depreciation End of Year End of Fiscal Year

1980 $618,072.84 $358,482.25 $259,590.59 $12,361.46 $271,952.05 $346,120.791981 $1,094,750.86 $656,850.52 $437,900.34 $21,895.02 $459,795.36 $634,955.501982 $1,154,480.60 $715,777.97 $438,702.63 $23,089.61 $461,792.24 $692,688.361983 $1,171,023.28 $749,454.90 $421,568.38 $23,420.47 $444,988.85 $726,034.431984 $1,036,023.66 $683,775.62 $352,248.04 $20,720.47 $372,968.52 $663,055.141985 $2,703,783.91 $1,838,573.06 $865,210.85 $54,075.68 $919,286.53 $1,784,497.381986 $1,389,837.54 $972,886.28 $416,951.26 $27,796.75 $444,748.01 $945,089.531987 $2,399,460.58 $1,727,611.62 $671,848.96 $47,989.21 $719,838.17 $1,679,622.411988 $1,863,006.22 $1,378,624.60 $484,381.62 $37,260.12 $521,641.74 $1,341,364.481989 $1,155,302.59 $878,029.97 $277,272.62 $23,106.05 $300,378.67 $854,923.921990 $1,072,083.93 $836,225.47 $235,858.46 $21,441.68 $257,300.14 $814,783.791991 $1,843,147.49 $1,474,517.99 $368,629.50 $36,862.95 $405,492.45 $1,437,655.041992 $2,480,516.70 $2,034,023.69 $446,493.01 $49,610.33 $496,103.34 $1,984,413.361993 $2,674,711.78 $2,246,757.90 $427,953.88 $53,494.24 $481,448.12 $2,193,263.661994 $1,277,719.13 $1,098,838.45 $178,880.68 $25,554.38 $204,435.06 $1,073,284.071995 $2,415,518.48 $2,125,656.26 $289,862.22 $48,310.37 $338,172.59 $2,077,345.891996 $3,811,794.38 $3,430,614.94 $381,179.44 $76,235.89 $457,415.33 $3,354,379.051997 $1,216,392.57 $1,119,081.16 $97,311.41 $24,327.85 $121,639.26 $1,094,753.311998 $2,040,935.31 $1,918,479.19 $122,456.12 $40,818.71 $163,274.82 $1,877,660.491999 $6,070,990.54 $5,828,150.92 $242,839.62 $121,419.81 $364,259.43 $5,706,731.112000 $2,441,100.06 $2,392,278.06 $48,822.00 $48,822.00 $97,644.00 $2,343,456.062001 $0.00 $4,215,543.19 $4,215,543.19 $0.00 $84,310.86 $84,310.86 $4,131,232.33

$41,930,652.45 $4,215,543.19 $38,680,234.00 $7,465,961.64 $922,923.91 $8,388,885.55 $37,757,310.09

Total original costs and adjustments $46,146,195.64

**Beg. Bal. = Original Acq. Cost /50yrs/29 remaining years

Accum. Depr. = Original Cost/50yrs*21 years life already spent

Current Year Depreciation = Original Acq. Cost / 50 years

**

CASS COUNTY CSAH DEPRECIATION SCHEDULE

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Accumulated

Value Depreciation Net Value

Roads - CSAH Reg. $46,146,196 $8,388,886 $37,757,310

Roads - CSAH Mun. $5,280,090 $105,602 $5,174,488

Roads - C.R. $5,925,762 $118,515 $5,807,247

Total Roads $57,352,048 $21,096,850 $36,255,198

Bridges $1,922,406 $277,931 $1,644,475

Right of Way $787,873

Work in Progress $977,833

Cass County – Retroactive Infrastructure Reporting

Values At End of Year 2001(These are values required by GASB 34 for the county’s financial

report.

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The degree of consistency among reporting entities in how and when they respond to GASB 34 will affect the usefulness of reported infrastructure information for rating analysis and joint resolution of future reporting issues

It is critical that reporting entities clearly describe the assumptions and methodologies used to report on the value and condition of their infrastructure assets so that differences may be taken into account in assessing the results

This information must be disclosed in the notes to the financialstatements.

NOTE:

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Infrastructure Fixed Asset Policies

• GASB34 requires that a fixed asset policy, which identifies your reporting and procedural methodology be prepared and adopted

• County financial officers will likely merge the Road and Bridge infrastructure fixed asset policy into the county’s general fixed asset policy

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Following are two examples of Road and Bridge

Infrastructure Fixed Asset Policies

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INFRASTRUCTURE FIXED ASSET POLICY

GASB 34 requires that we begin to book the infrastructure as assets. It requires us to record assets expensed in the past (retroactively) and book the current expenditures as assets as we move forward (prospectively). The following categories of infrastructure fixed assets have been identified: Roads, Bridges and Right-of-way. All amounts will be rounded to the nearest whole dollar. We will account for each as follows:

ROADSDEFINITION: Roads include, but are not limited to, road surface, sub-surface, water/sewer, drainage, signs and lighting for all County State Aid Highways and all County roads in Cass County. Road costs include, but are not limited to, construction labor, construction equipment time, materials signs, lighting, sewers, landscaping, bike paths, overhead, etc….

RETROACTIVELY: We will account for infrastructure capital assets acquired or significantly reconstructed, or received significant improvement in the fiscal years from 1980 forward. Roads will be depreciated out using straight-line depreciation with a fifty -year life, with no residual value.

PROSPECTIVELY: We will capitalize the verified costs of all major construction contracts, exclusive of purchased right-of-way. Overlays will be capitalized only if they represent a major increase in efficiency or extend the useful life. An overlay which gets the road to the end of its useful life, will be expensed. In the event that a road is resurfaced or reconstructed before it is fully depreciated, the remaining value will be written off in the year the contract is finalized. Roads will be depreciated out using straight-line depreciation with a fifty-year life with no residual value.

Example No. 1 – Cass County

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BRIDGES

DEFINITION: Bridges include all bridges on Cass County Roads as defined by the Minnesota Department of transportation. Bridge costs include, but are not limited to construction costs as evidenced by the contract, for bridge work, approach work, guardrails, sidewalks, signage and lighting. In the event that the highway department installs the bridge (culverts), we will capitalize the labor, equipment, materials and overhead associated with the job. If the total bridge cost is over one hundred thousand dollars, we will value our share at full value. If not, we will list it at a zero value.

RETROACTIVELY: We will value the bridge system at its current replacement value and deflate it using the FHWA cpi index. Bridges older that 75 years will be treated as fully depreciated. Bridges will be depreciated out using straight-line depreciation with a seventy-five year life with no residual value.

PROSPECTIVELY: We will capitalize the cost of construction as verified by the contract costs. Deck overlay and deck rehabilitation projects will be capitalized only if they represent a major increase in efficiency or extend the useful life. An overlay or rehabilitation that gets the bridge to the end of its useful life will be expensed. Bridges will be depreciated out using straight-line depreciation with a seventy -five year life with no residual value.

RIGHT OF WAY

DEFINITION: Right of Way shall only include permanent easements and deeded property acquired for highway purposes. Right of way cost will include, but not be limited to, the purchase price from the landowner, the cost of attorney fees in court cases, relocation fees, filing fees, deed tax and reimbursement of pre-paid real estate taxes to the former landowner. All other expenditures including appraisal fees and title opinions will be expensed.

RETROACTIVELY: We will account for all right of way purchased from the year 1980 forward. Right of way will not be depreciated.

PROSPECTIVELY: We will capitalize the purchase of the right of way using the cost definition above. All other costs will be expensed. Right of way will not be depreciated.

WORK IN PROGRESS

Construction projects that are accumulating expenses and could take more than a year to reach completion will be tracked in a “work-in-progress” category until such time as they are placed into service. An example would be preliminary design and engineering costs, and environmental assessment type costs which accumulate prior to contract letting. Another example would be a road section that is graded one year and surfaced the following year. The grading portion would be “work in progress”. Once it is surfaced, it would be considered complete and “in service”. The total cost of these projects would then be moved from work in progress and would begin to depreciate.

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Example No. 2 – Winona CountyINFRASTRUCTURE FIXED ASSET POLICY

GASB 34 requires that we begin to book the infrastructure as assets. It requires us to record assets expensed in the past (retroactively) and book the current expenditures as assets as we move forward (prospectively). The following categories of infrastructure fixed assets have been identified: Roads, Bridges and Right-of-way. All amounts will be rounded to the nearest whole dollar. We will account for each as follows:

ROADSDEFINITION: Roads include, but are not limited to, road surface, sub-surface, drainage, signs and lighting for all County State Aid Highways (CSAH 1-54) and all County roads (CR 102-129) in Winona County. Road costs include, but are not limited to, construction labor, construction equipment time, materials signs, lighting, sewers, landscaping, overhead, etc….

RETROACTIVELY: We will value the road system at its current replacement value and deflate it using the FHWA cpi index. Roads will be depreciated out using straight-line depreciation with a fifty-year life for bituminous, concrete and gravel roads with no residual value.

PROSPECTIVELY: We will capitalize the cost of all competitively bid construction contracts as verified by actual project costs. In addition, external design work will be capitalized. All other costs will be expensed. Overlays will be capitalized only if they represent a major increase in efficiency or extend the useful life. An overlay, which gets the road to the end of its useful life, will be expensed. In the event that a road is resurfaced or reconstructed before it is fully depreciated, the remaining value will be written off in the year the contract is finalized. Roads will be depreciated out using straight-line depreciation with a fifty-year life for bituminous, concrete and gravel roads with no residual value.

BRIDGESDEFINITION: Bridges include all bridges on Winona County Roads as defined by the Minnesota Department of transportation. Bridge costs include, but are not limited to construction costs as evidenced by the contract for bridge work, approach work, guardrails, sidewalks, signage and lighting. In the event that the highway department installs the bridge (culverts), we will capitalize the labor, equipment, materials and overhead associated with the job. If the total bridge cost is over one hundred thousand dollars, we will value our share at full value. If not, we will list it at a zero value.

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RIGHT OF WAYDEFINITION: Right of Way shall only include permanent easements and deeded property acquired for highway purposes. Right of way cost will include, but not be limited to, the purchase price from the landowner, the cost of attorney fees in court cases, relocation fees, filing fees, deed tax and reimbursement of pre-paid real estate taxes to the former landowner. All other expenditures including appraisal fees and title opinions will be expensed.

RETROACTIVELY: We will value the right of way system at its current replacement value and deflate it using the FHWA cpi index. Right of way will not be depreciated.

PROSPECTIVELY: We will capitalize the purchase of the right of way using the cost definition above. All other costs will be expensed. Right of way will not be depreciated.

WORK IN PROGRESSConstruction projects that have been awarded and are taking one or more years to complete will be tracked in a “work-in-progress” category until such time as they are placed into service. Once it is “in service”, the total cost of the project would then be moved from work in progress and would begin to be depreciated.

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GASB 34 may induce changes in how we do business – but this may not become apparent for some time yet.

It’s an accounting standard – not a management tool.

The choice between Standard and Modified infrastructure reporting will vary with each entities particular circumstances.

CONCLUSIONS

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January – Annual Minnesota County Engineers Association Conference presentation

February - Examples and instructions distributed by e-mail and/or State Aid website

May – Annual Highway Accountants Conference – Panel Discussion – Questions and Answers

IMPLEMENTATION