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INFRASTRUCTURE REPORT / PUBLIC WORKS - Director Jim Simon
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Requested Action(s)
recommendation
a) INFRASTRUCTURE CONDITION REPORT - Per Resolution 2021-56 request acceptance of the Infrastructure Condition Report providing the results of the three most recently completed condition assessments, demonstrating the level at which infrastructure assets have been maintained and acceptance of $23 Million as the estimated amount needed to maintain 50% of the roads and 75% of the bridges and signs at a fair or better condition; and
b) Pursuant to Resolution 2021-56 accept recommendation from Public Works to maintain 50% of the County’s roads, 75% of bridges, and 75% of signs at a fair or better condition
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Financial Impact:
N/A
Background Information:
The Infrastructure Condition Report is an annual report to the Board of Supervisors in compliance with the requirements of the Government Accounting Standards Board Statement 34 (GASB34) regarding infrastructure management. This allows the County to determine the asset method used (depreciation or the modified approach). The Board may choose not to accept the report and associated recommendation, in which case Public Works would submit a revised recommendation for the Board’s consideration. Alternately, the County would not be allowed to use the modified approach for reporting infrastructure assets and would be required to depreciate infrastructure assets.
The 2022/2023 assessment of County road infrastructure assets are:
Roads: 43% at fair or better condition
Bridges: 92% at fair or better condition
Signs: 94% at fair or better condition