Fixed Asset Infrastructure Maintenance

The Fixed Asset Infrastructure Maintenance (FAIM) page allows you to forecast and track costs related to the maintenance of infrastructure assets and others that use the Modified Depreciation Method. Infrastructure assets may reasonably be expected to continue to function indefinitely if they are adequately preserved and maintained. As a result, GASB 34 allowed governments to forego the standard reporting of depreciation infrastructure assets provided the government has made a commitment to maintain those assets in a predetermined condition. Governments that elect to follow the maintenance method are said to be using the "modified approach” to infrastructure depreciation reporting.

Users cannot insert/modify/delete records directly on this page. Only the Fixed Asset transactions can update/insert records into this inquiry.

Field Information