[ACFR-contacts-news] FW: GASB Exposure Draft - Infrastructure Assets

[RIZZO Valentina * DAS]

Good afternoon ACFR Contacts,

The GASB has issued the Infrastructure Assets Exposure Draft, and SARS would like to hear from any agencies that are interested in providing feedback. We would like to provide consolidated feedback to NASC by June 5, so we are asking agencies to submit their feedback to SARS by Friday, May 22. This will give us enough time to review the responses and follow up with any questions before forwarding them to NASC.

Not all agencies have infrastructure assets, but for those that do (Agencies 107, 109, 141, 248, 259, 291, 415, 443, 629, 634, 635, and 730), this exposure draft will be important to review, as it may affect how your agency accounts for infrastructure assets.

If you have any questions, please let me know.

Valya

[DAS logo]
Valya Rizzo
Statewide Accounting and Reporting Services Manager
Office of the State Controller
Cell: 971-900-9991
Oregon Department of Administrative Services<https://www.oregon.gov/das/Pages/index.aspx>


From: Kim O'Ryan <koryan at nasact.org>
Sent: Wednesday, April 8, 2026 1:07 PM
To: NSAAAuditors <NSAAAuditors at nasact.org>; NASCComptrollers <NASCComptrollers at nasact.org>; StateTreasurers <StateTreasurers at nasact.org>; NASACTCARA <NASACTCARA at nasact.org>; NASCCFRA <NASCCFRA at nasact.org>; NSAA2026AuditStandardsReportingCommittee <NSAA2026AuditStandardsReportingCommittee at nasact.org>
Cc: NSAAAuditorsCCs <NSAAAuditorsCCs at nasact.org>; NASCComptrollersCCs <NASCComptrollersCCs at nasact.org>; StateTreasurersCCs <StateTreasurersCCs at nasact.org>
Subject: GASB Exposure Draft - Infrastructure Assets

The Governmental Accounting Standards Board has issued an Exposure Draft (ED) of a proposed statement for Infrastructure Assets.

GASB is proposing guidance related to the definition, recognition, and measurement of infrastructure assets, as well as associated note disclosures and required supplementary information schedules. The Exposure Draft<https://www.gasb.org/projects/documents-for-public-comment?utm_source=Media+List&utm_campaign=ef5e61ccfe-EMAIL_CAMPAIGN_2026_02_10_04_58_COPY_01&utm_medium=email&utm_term=0_-8ce717e83c-145234189&mc_cid=ef5e61ccfe&mc_eid=64fc75ed88> is available on GASB's website, www.gasb.org<https://url.avanan.click/v2/r01/___https:/accountingfoundation.us3.list-manage.com/track/click?u=e043e1190253df702a1340ed7&id=4f5a3e351f&e=64fc75ed88___.YXAzOm5hc2FjdDphOm86Nzk2ZmUxNGQwMTAzMDk4MzIwMmJkYTIwOGFkOTliNzU6NzoxZGViOjFkMmIyMWJhZjE0MGU4YzY1Y2I0NzhiNzUyNjFlMGFhNjhlNmEyYTg3NDBhYmM0YjdmY2M2N2IzZWE5ODU3Yjg6aDpUOk4>.

Public forums are scheduled for -


  *   June 23 in Norwalk, CT
  *   July 13 - virtually
  *   July 23 - virtually

NASACT will be preparing an association position on the document. To meet GASB's deadline of June 26, 2026, please send your comments to me no later than the end of the day on Friday, June 5.

Thank you,

Kim

[cid:image001.png at 01DCC771.15E20C80]
KIMBERLY O'RYAN, CPA
NASC Director
National Association of State Auditors, Comptrollers and Treasurers
(859) 276-1147
(859) 469-5120 (direct line)
nasact.org<https://www.nasact.org/>


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