Accounting for Infrastructure Assets – ONLINE

Content Covered

• Introduction
  • Attendees introduce themselves, brief background and identify any specific learning objectives
• Setting the Scene
  • The development of accounting standards and legislative requirements for financial reporting, forecasts and strategies (local government focus)
  • The relationship between the ‘engineers’ and the ‘bean counters’
  • Accounting terminology
• Expenditure Types
  • Asset Lifecycle Costs
  • Recognition of Initial Costs
  • Lifecycle expenditure categories – operational, maintenance, depreciation, renewal, new works
  • Recording costs – Fixed Asset Registers, Financial Forecasts
• Financial Reporting
  • Reporting cycles – Long Term Plan, Annual Plan, Financial Strategy, Infrastructure Strategy
  • Dealing with Inflation
  • Financial information flows – Long Term Plans, AMPs, Financial Databases
• Revenue and Funding
  • Income Types
  • Rates
  • Vested Assets
  • Development Contributions
  • Financial Contributions
  • Funding Impact Statement
• Valuation and Depreciation
  • Valuation Requirements and Methodologies
  • Calculating Depreciated Replacement Costs – determining asset lives, replacement costs and optimisation
  • Depreciation Methods
• Balanced Budgets Local Government legislative requirements
  • Depreciation and Renewal Forecasts

About the Presenter

Glen McIntosh

Glen has over 20 years of experience in infrastructure management and delivery. He has been creating LGA budgets, forward works programmes, and planning documents across the last six LTP cycles. And Glen was restructured enough times to have been responsible for most types of local government assets, and at most levels of management.

This broad experience means Glen has an inside understanding of working across the interface points between asset management, finance, corporate planning, consultancy, and governance.

Glen moved to the dark side seven years ago, becoming a consultant with T+T and now works with councils across NZ, as well as partnering with Āpōpō on industry leadership and training.