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Suggested Citation:"REFERENCES." National Research Council. 2001. Deferred Maintenance Reporting for Federal Facilities: Meeting the Requirements of Federal Accounting Standards Advisory Board Standard Number 6, as Amended. Washington, DC: The National Academies Press. doi: 10.17226/10095.
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Suggested Citation:"REFERENCES." National Research Council. 2001. Deferred Maintenance Reporting for Federal Facilities: Meeting the Requirements of Federal Accounting Standards Advisory Board Standard Number 6, as Amended. Washington, DC: The National Academies Press. doi: 10.17226/10095.
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Page 17
Suggested Citation:"REFERENCES." National Research Council. 2001. Deferred Maintenance Reporting for Federal Facilities: Meeting the Requirements of Federal Accounting Standards Advisory Board Standard Number 6, as Amended. Washington, DC: The National Academies Press. doi: 10.17226/10095.
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Page 18

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INTRODUCTION 16 Defense (Installations), met with the committee to present and discuss the DoD Facilities Sustainment Model. The final draft of the report was reviewed by the FFC Operations and Maintenance Committee, other participants in the study, and the senior representatives of the FFC sponsor agencies. REPORT ORGANIZATION Chapter 2 identifies issues related to definitions and some potential revisions for consideration. Chapter 3 discusses issues related to the methodologies specified in FASAB Standard Number 6 for reporting deferred maintenance as they relate to facilities and identifies other valid approaches that could be used. Chapter 4 identifies issues related to the use of deferred maintenance as an indicator of facility condition and potential approaches for increasing its utility. Appendix A contains excerpts from the report Stewardship of Federal Facilities: A Proactive Strategy for Managing the Nation's Public Assets. Excerpts from FASAB Standard Number 6, and the amendments to FASAB Standard Number 6, are contained in Appendix B and Appendix C, respectively. REFERENCES APWA (American Public Works Association). 1992. Plan. Predict. Prevent. How to Reinvest in Public Buildings. Special Report #62. Chicago: APWA. FASAB (Federal Accounting Standards Advisory Board). 1993. Objectives of Federal Financial Reporting. Statement of Federal Financial Accounting Concepts, Number 1. Online: www.financenet.gov/financenet/fed/fasab/pdf/sffac-1.pdf. FASAB. 1996. Accounting for Property, Plant, and Equipment. Statement of Recommended Accounting Standards, Number 6. Online: http:// www.financenet.gov/financenet/fed/fasab/concepts.htm. FFC (Federal Facilities Council). 1996. Budgeting for Facilities Maintenance and Repair Activities. Washington, D.C.: National Academy Press. NRC (National Research Council). 1990. Committing to the Cost of Ownership: Maintenance and Repair of Public Buildings. Building Research Board. Washington, D.C.: National Academy Press. NRC. 1993. The Fourth Dimension in Building: Strategies for Minimizing Obsolescence. Building Research Board. Washington, D.C.: National Academy Press. NRC. 1998. Stewardship of Federal Facilities. A Proactive Strategy for Managing the Nation's Public Assets. Board on Infrastructure and the Constructed Environment. Washington, D.C.: National Academy Press.

INTRODUCTION 17 Syme, Preston T., and Jay Oschrin. 1996. How to Inspect Your Facilities and Still Have Money Left to Repair Them. Alexandria, VA: Association of Higher Education Facilities Officers (APPA). The Urban Institute. 1994. Issues in Deferred Maintenance: The Federal Infrastructure Strategy Program. Alexandria, VA: Institute for Water Resources Publications.

INTRODUCTION 18

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In 1996 the Federal Accounting Standards Advisory Board (FASAB) 1 enacted Standard Number 6, Accounting for Property, Plant, and Equipment (PP&E), the first government-wide initiative requiring federal agencies to report dollar amounts of deferred maintenance annually. The FASAB has identified four overall objectives in federal financial reporting: budgetary integrity, operating performance, stewardship, and systems and control. FASAB Standard Number 6, as amended, focuses on operating performance and stewardship. The FFC Standing Committee on Operations and Maintenance has prepared this report to identify potential issues that should be considered in any future amendments to the standard and to suggest approaches for resolving them. The committee's intent is to assist the CFO Council, federal agencies, the FASAB, and others as they consider how best to meet the objectives of federal financial reporting for facilities.

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