|
Riva GASB
|
 |
|
 |
|
|
|
|
|
The Governmental Accounting Standards Board
(GASB) issued a Governmental Accounting
Statement no.34 in June of 1999 which profoundly
affects how municipal, county and state
governments track and report capital fund and
capital asset financial information. Riva
Modeling, an established software tool for
Strategic Long Range Asset, Risk and Budget
Management, easily satisfies the basic
requirements and reporting guidelines of GASB
34.
  
The basic requirements are:
- Infrastructure inventories
must be included in the asset
base reported in the annual
financial statements of state
and local governments
- Infrastructure assets may be
reported at historical cost or
estimated historical cost
- Following initial
capitalization, infrastructure
assets should either be
depreciated or reported using a
modified approach.
Infrastructure Inventory
As an enterprise tool, Riva Modeling pulls
information from multiple systems (Computerized
Maintenance Management Systems, Financial
Systems, GIS, Excel and any other ODBC compliant
third party application) to provide a single
hierarchical view of all the assets an agency is
managing. Riva Modeling allows the user to
report on these assets via any hierarchy or
category they choose.
Historical and Estimated Historical Cost
To calculate costs, Riva Modeling provides
the user with a formula builder to create an
unlimited number of formulas/algorithms using
any measure the users wants. Replacement and
Reproduction Costs are also easily calculated by
Riva Modeling.
Depreciation Approach
Riva Modeling satisfies this standard
accounting method.
Modified Approach
Riva Modeling takes an iterative approach
that encompasses Asset Attribute Information,
Condition Assessment/Ratings, Value Analysis and
Risk Analysis to provide Full Lifecycle Analysis
and Valuation for any asset type.
Reporting
Riva Modeling supports the creation of an
unlimited number of custom reports. Riva
Modeling can also integrate with standard report
writing tools, such as Oracle Reports and
Crystal Reports, as well as export to Excel,
Text or HTML.
In addition to reports, a full graphing engine
is standard functionality in Riva Modeling.
Reports, Charts and Graphs are auditable so that
any data point, such as a figure in a report or
a section of a graph can be interactively
drilled into to reveal the source of the data.
Contact Us to find out more about Riva GASB
|
|
| |
Further Information
Related Applications
|
|
 |
|
 |
|
|
|
|
|
|
