The

Virginia Department of Transportation

Infrastructure Assets

( The data presented is for illustration purposes only )

November 8, 2000

What Will Be Covered Today

• VDOT’s reporting responsibility under GASB34.

• Assumptions used in determining infrastructure value.

• Valuing the Infrastructure

• Depreciation

• Data available to cities and counties in computing their infrastructure value.

• Reporting urban construction data on completed projects to cities.

The Infrastructure VDOT will Report

1. The Interstate and Primary system of roads and bridges will be reported on VDOT’s financial statements.

Why - VDOT has jurisdiction and control over these roads and ownership is clear.

2. The Secondary system of roads and bridge will be reported on VDOT’s financial statements.

Why - While VDOT has the jurisdiction and control over these roads, the ownership is unclear in many cases. When ownership is unclear GASB states that the entity providing the maintenance should report the roads.

The Infrastructure VDOT will Report

3. The state designated and maintained roads on a state college, university, or a state agency campus will be reported on VDOT’s financial statement.

A state designated road is a roadway system that has a state route number.

Why - While VDOT has the jurisdiction and control over these roads, the ownership is unclear in many cases. When ownership is unclear GASB states that the entity providing the maintenance should report the roads.

The Infrastructure VDOT will not Report

1. Urban system of roads and bridges will not be reported on VDOT’s financial statement.

Why - VDOT does not have jurisdiction and control over these roads and bridges. These roads are deeded to the cities when the construction project is completed.

The Infrastructure VDOT will not Report

2. The Urban extensions will not be reported on VDOT’s financial statement. Urban extension are defined as primary roads within the city boundaries. These roads should be reported by the city.

Why - VDOT does not have jurisdiction and control over these roads.

The Infrastructure VDOT will not Report

3. Roads owned and maintained by a college, university or state agency will not be reported on VDOT’s financial statement (e.g. The Department of Corrections and Department of Mental Health, etc). It is possible that these roads should be reported by the college, university or state agency.

Why - VDOT does not have jurisdiction and control over these roads.

The Infrastructure VDOT will not Report

4. VDOT will not report private roads and bridges maintained by other entities such as other cities, counties and private companies.

Examples:

1) Access roads to a shopping center.

2) Roads within the county courthouse complex.

Why - VDOT does not have jurisdiction and control over these roads. Also, VDOT does not own nor maintain these roads.

Exceptions to the Guidelinesfor

VDOT Infrastructure Reporting

1. According to VDOT’s guidelines for reporting infrastructure, roads and bridges in the secondary system will be reported by VDOT. The guidelines assume VDOT performs the maintenance. Arlington and Henrico County elected to maintain their roads; therefore, VDOT will not be reporting these roads on its financial statements.

Exceptions to the Guidelinesfor

VDOT Infrastructure Reporting

2. The city of Suffolk encompasses the entire county of Nansemond. However, the city only maintains and controls the streets within the Suffolk City proper. The roads outside the city proper are treated and classified as secondary roads. VDOT will report these roads on its financial statements.

Assumptions Used in Determining Infrastructure Value

1. Right of Way Weighted Average Width per Mile of Road

Systems Weighted Average

Interstate 265 feet

Primary 90 feet

Secondary 50 feet

Urban 50 feet

Assumptions Used in Determining Infrastructure Value

2. Right of Way average cost per acre is $13,608. Each city or county may want to use a value computed for their area as opposed to using the statewide average.

Infrastructure Value

Determining the secondary system inventory value

Secondary Road SystemValuation of Road Inventory

Assumptions:

Cost to construct a lane mile of road 237,208

Accum. Annual Less Net Annual Construction Adjusted Accumulated Bridge Lane Lane Bridge Lane Cost Deflation Inventory Inventory Length

Year Miles Miles Miles Miles Additions Factor Value Value In feet

1932 72,161 72,161 30.59 72,131 17,109,960,485 0.075986079 1,300,118,807 1,300,118,807 80,768 1933 73,643 1,481 0.31 1,481 351,331,184 0.076566125 26,900,067 1,327,018,875 806 1934 74,278 635 0.35 635 150,587,086 0.078306265 11,791,912 1,338,810,787 919 1935 74,455 177 0.92 176 41,740,390 0.080046404 3,341,168 1,342,151,955 2,429 1936 74,722 267 0.54 267 63,287,262 0.081206497 5,139,337 1,347,291,292 1,419 1937 74,865 143 0.65 142 33,698,718 0.083526682 2,814,742 1,350,106,034 1,717 1938 74,945 80 0.54 80 18,943,621 0.081206497 1,538,345 1,351,644,379 1,430

1939 75,460 515 0.67 514 121,902,998 0.081206497 9,899,315 1,361,543,694 1,764

1940 75,699 239 1.69 238 56,338,067 0.081786543 4,607,696 1,366,151,390 4,468

1941 73,458 (2,241) 0.48 (2,242) (531,749,682) 0.089907193 (47,808,121) 1,318,343,269 1,276

1942 75,570 2,113 0.24 2,112 501,062,961 0.098027842 49,118,121 1,367,461,390 631

1943 75,866 295 0.22 295 70,038,515 0.100928074 7,068,852 1,374,530,242 573

1944 75,586 (279) 0.09 (279) (66,297,232) 0.10324826 (6,845,074) 1,367,685,168 241

1945 76,049 462 1.04 461 109,418,342 0.105568445 11,551,124 1,379,236,293 2,741

1946 76,065 16 0.23 16 3,759,163 0.124709977 468,805 1,379,705,098 615

1947 76,919 854 0.38 854 202,552,023 0.135730858 27,492,560 1,407,197,658 992

1948 77,321 402 0.84 401 95,160,984 0.139791183 13,302,666 1,420,500,324 2,221

1949 78,211 890 1.04 889 210,976,423 0.136890951 28,880,763 1,449,381,088 2,751

1950 78,772 561 1.94 559 132,568,638 0.145011601 19,223,990 1,468,605,078 5,112

Determining the Right of Way Inventory Value

Valuing the Infrastructure

* A similar approach was used for the interstate and primary system

Secondary SystemValuation of Road Inventory

Assumptions:Cost factor hard surfaced 281,671$ Cost factor untreated 256,956$ Cost factor unsurfaced 228,156$

Data presented in miles*************** ********* Miles******* *********** Bridge Miles Annual Construction Adjusted Accumulated Bridge

Hard and Cost Deflation Inventory Inventory LengthYear Description Surfaced Untreated Unsurfaced Values Total Additions Factor Value Value In feet

1932 Initial lane miles 2,000 8,900 25,000 15.30 35,885 80,768 Net change in lane miles 2,000 8,900 25,000 15.30 35,885Cost of net change 563,342,000 2,286,908,400 5,703,900,000 4,308,713 8,549,841,687 8,549,841,687 0.075986079 649,668,945 649,668,945

1933 Lane miles 2,600 11,100 22,936 0.15 36,621 806 Net change in lane miles 600 2,200 -2,064 0.15 736Cost of net change 169,002,600 565,303,200 -470,913,984 42,998 263,348,818 263,348,818 0.076566125 20,163,599 669,832,544

1934 Lane miles 3,233 13,308 20,412 0.17 36,937 919 Net change in lane miles 633 2,208 -2,524 0.17 317Cost of net change 178,297,743 567,358,848 -575,865,744 49,026 169,741,821 169,741,821 0.078306265 13,291,848 683,124,392

1935 Lane miles 3,460 14,397 19,183 0.46 37,024 2,429 Net change in lane miles 227 1,089 -1,229 0.46 87Cost of net change 63,939,317 279,825,084 -280,403,724 129,579 63,231,098 63,231,098 0.080046404 5,061,422 688,185,813

1936 Lane miles 3,768 15,270 18,136 0.27 37,158 1,419 Net change in lane miles 308 873 -1,047 0.27 134Cost of net change 86,754,668 224,322,588 -238,879,332 75,699 72,122,225 72,122,225 0.081206497 5,856,793 694,042,607

1937 Lane miles 4,023 15,723 17,499 0.33 37,228 1,717 Net change in lane miles 255 453 -637 0.33 71Cost of net change 71,826,105 116,401,068 -145,335,372 91,596 42,800,205 42,800,205 0.083526682 3,574,959 697,617,566

VDOT’s Infrastructure Value for all Systems

Virginia Department of TransportationSummary of Road and Bridge Inventory

Financial Work inSummary Process Total

Road inventory:Interstate road inventory 2,787,987,825$ 660,036,837$ 3,448,024,662$ Primary road inventory 2,388,895,344 731,254,860 3,120,150,204Secondary road inventory 3,296,174,368 541,889,348 3,838,063,716Bridge and tunnel inventory 2,962,759,439 2,962,759,439Urban 362,779,751 362,779,751Total assets 11,435,816,976 2,295,960,796 13,731,777,772Accumulated depreciation:Accumulated depreciation - Roads 6,115,274,555 6,115,274,555Accumulated depreciation - Bridge 907,856,032 907,856,032Total accumulated depreciation 7,023,130,587 - 7,023,130,587

Road inventory net of accumulated depreciation 4,412,686,389 2,295,960,796 6,708,647,185

Right of way:Interstate system 143,632,206 81,565,787 225,197,993Primary systen 96,003,912 149,343,026 245,346,938Secondary 471,261,781 6,007,621 477,269,402Urban 73,981,931 73,981,931

Total right of way 710,897,899 310,898,365 1,021,796,264

Total infrastructure assets net of depreciation 5,123,584,288$ 2,606,859,161$ 7,730,443,449$

Purpose of Schedule This schedule summarizes the infrastructure inventory value.

Depreciation

• Estimated life of a road is 30 years.

• Estimated life of a bridge is 50 years.

• Straight line depreciation method used.

• Assets depreciated as though they were held the entire year.

• Example of depreciating the secondary system.

Depreciation for Road and Bridge Inventory

Depreciation for Road and Bridge InventoryAt Transition

Assumptions:

Depreciation life for roads 30 yearsDepreciation life for bridges 50 YearsDepreciation rate for roads 0.033333333Depreciation rate for bridges 0.020000000

************************ Road **********************************Years YearsAccum Accumulated Accum Accum

Year Interstate Primary Secondary Total Depreciation Depre Depreciation Bridge Depreciation Deprec Deprec

1930 2,160,239 43,205 50 2,160,239 1931 854,151 17,083 50 854,151 1932 1,300,118,807 1,300,118,807 43,337,293.57 30 1,300,118,807 12,387,479 247,750 50 12,387,479 1933 26,900,067 26,900,067 896,668.91 30 26,900,067 715,434 14,309 50 715,434 1934 11,791,912 11,791,912 393,063.74 30 11,791,912 1,141,705 22,834 50 1,141,705 1935 3,341,168 3,341,168 111,372.27 30 3,341,168 1,009,145 20,183 50 1,009,145 1936 5,139,337 5,139,337 171,311.23 30 5,139,337 1,475,441 29,509 50 1,475,441 1937 2,814,742 2,814,742 93,824.74 30 2,814,742 777,466 15,549 50 777,466 1938 1,169,327,678 1,538,345 1,170,866,023 39,028,867.45 30 1,170,866,023 1,300,684 26,014 50 1,300,684 1939 21,537,570 9,899,315 31,436,886 1,047,896.19 30 31,436,886 1,775,905 35,518 50 1,775,905 1940 10,123,169 4,607,696 14,730,865 491,028.83 30 14,730,865 2,021,273 40,425 50 2,021,273

Infrastructure Data Resources Available to Cities and Counties

• Public structure maintained by others.

• VDOT can advise if a road was reported by VDOT. This will help ensure 100% coverage.

VDOT’s assumption for constructing a lane mile of road, square foot of bridge, and box culvert.

Infrastructure Data Resources Available to Cities and Counties

System $Factors

Interstate $ 1,874,055

Primary $ 768,627

Secondary $ 237,208

Urban Asphalt $ 771,742

Urban Concrete $ 898,886

Bridge $ 75 per square foot

Culverts $ 100 per square foot

Infrastructure Data Resources Available to Cities and Counties, contd.

VDOT’s GASB34 reporting rules for infrastructure.

• The Interstate and Primary system of roads and bridges will be reported on VDOT’s financial statements.

• The Secondary system of roads and bridge will be reported on VDOT’s financial statements.

• The state designated and maintained roads on a state college, university, or a state agency campus will be reported on VDOT’s financial statement.

• Urban system of roads and bridges will not be reported on VDOT’s financial statement.

• The Urban extensions will not be reported on VDOT’s financial statement. Urban extension are defined as primary roads within the city boundaries. These roads should be reported by the city.

• Roads owned and maintained by a college, university or state agency will not be reported on VDOT’s financial statement (e.g. The Department of Corrections and Department of Mental Health, etc). It is possible that these roads should be reported by the college, university or state agency.

• VDOT will not report private roads and bridges maintained by other entities such as other state agencies, cities, counties and private companies.

• According to VDOT’s guidelines for reporting infrastructure, roads and bridges in the secondary system will be reported by VDOT. The guidelines assume VDOT performs the maintenance. Arlington and Henrico County elected to maintain their roads; therefore, VDOT will not be reporting these roads on its financial statements.

• The city of Suffolk encompasses the entire county of Nansemond. However, the city only maintains and controls the streets within the Suffolk City proper. The roads outside the city proper are treated and classified as secondary roads. VDOT will report these roads on its financial statements.

Infrastructure Data Resources Available to Cities and Counties, contd.

Urban system mileage report

RURAL URBAN TOTAL RURAL URBAN RURAL URBAN

ABINGDON - 140 8.78 8.78 3.32 40.57 43.89 52.67

ALEXANDRIA - 100 22.53 22.53 42.90 142.86 185.76 208.29

ALTAVISTA - 162 0.00 0.00 7.14 18.75 25.89 25.89

ASHLAND - 166 7.85 7.85 7.42 29.44 36.86 44.71

BEDFORD - 141 11.40 11.40 7.37 23.13 30.50 41.90

BIG STONE GAP - 101 3.62 3.62 4.01 20.76 24.77 28.39

BLACKSBURG - 150 7.60 7.60 12.38 79.66 92.04 99.64

BLACKSTONE - 142 4.95 4.95 8.01 20.50 28.51 33.46

BLUEFIELD - 143 5.94 5.94 5.08 15.21 20.29 26.23

BRIDGEWATER - 176 3.81 3.81 1.40 17.66 19.06 22.87

BRISTOL - 102 11.12 11.12 20.01 85.35 105.36 116.48

BUENA VISTA - 103 5.87 5.87 7.89 30.35 38.24 44.11

CHARLOTTESVILLE - 104 13.51 13.51 31.73 89.64 121.37 134.88

CHASE CITY - 186 0.00 0.00 3.72 13.46 17.18 17.18

CHESAPEAKE - 131 107.03 107.03 146.22 674.35 820.57 927.60

CHINCOTEAGUE - 190 0.00 0.00 12.53 10.66 23.19 23.19

CHRISTIANSBURG - 154 12.06 12.06 5.75 82.71 88.46 100.52

CLIFTON FORGE - 105 4.27 4.27 2.67 14.04 16.71 20.98

COLONIAL HEIGHTS - 106 5.04 5.04 11.09 67.70 78.79 83.83

COVINGTON - 107 7.60 7.60 2.13 28.14 30.27 37.87

1999 URBAN SYSTEM MILEAGE

MUNICIPALITY

PRIMARY URBAN EXTENSIONS CLASSIFIED GRAND

TOTAL

LOCAL

NON-PRIMARY CITY STREETS

TOTAL

RURAL URBAN TOTAL RURAL URBAN RURAL URBAN

ABINGDON - 140 8.78 8.78 3.32 40.57 43.89 52.67

ALEXANDRIA - 100 22.53 22.53 42.90 142.86 185.76 208.29

ALTAVISTA - 162 0.00 0.00 7.14 18.75 25.89 25.89

ASHLAND - 166 7.85 7.85 7.42 29.44 36.86 44.71

BEDFORD - 141 11.40 11.40 7.37 23.13 30.50 41.90

BIG STONE GAP - 101 3.62 3.62 4.01 20.76 24.77 28.39

BLACKSBURG - 150 7.60 7.60 12.38 79.66 92.04 99.64

BLACKSTONE - 142 4.95 4.95 8.01 20.50 28.51 33.46

BLUEFIELD - 143 5.94 5.94 5.08 15.21 20.29 26.23

BRIDGEWATER - 176 3.81 3.81 1.40 17.66 19.06 22.87

BRISTOL - 102 11.12 11.12 20.01 85.35 105.36 116.48

BUENA VISTA - 103 5.87 5.87 7.89 30.35 38.24 44.11

CHARLOTTESVILLE - 104 13.51 13.51 31.73 89.64 121.37 134.88

CHASE CITY - 186 0.00 0.00 3.72 13.46 17.18 17.18

CHESAPEAKE - 131 107.03 107.03 146.22 674.35 820.57 927.60

CHINCOTEAGUE - 190 0.00 0.00 12.53 10.66 23.19 23.19

CHRISTIANSBURG - 154 12.06 12.06 5.75 82.71 88.46 100.52

CLIFTON FORGE - 105 4.27 4.27 2.67 14.04 16.71 20.98

COLONIAL HEIGHTS - 106 5.04 5.04 11.09 67.70 78.79 83.83

COVINGTON - 107 7.60 7.60 2.13 28.14 30.27 37.87

1999 URBAN SYSTEM MILEAGE

MUNICIPALITY

PRIMARY URBAN EXTENSIONS CLASSIFIED GRAND

TOTAL

LOCAL

NON-PRIMARY CITY STREETS

TOTAL

Urban system mileage report.

RURAL URBAN TOTAL RURAL URBAN RURAL URBAN

1999 URBAN SYSTEM MILEAGE

MUNICIPALITY

PRIMARY URBAN EXTENSIONS CLASSIFIED GRAND

TOTAL

LOCAL

NON-PRIMARY CITY STREETS

TOTAL

CULPEPER - 204 8.48 8.48 4.92 31.00 35.92 44.40

DANVILLE - 108 42.53 42.53 53.23 197.08 250.31 292.84

DUMFRIES - 212 0.00 0.00 2.20 7.53 9.73 9.73

ELKTON - 216 0.00 0.00 0.93 11.92 12.85 12.85

EMPORIA - 109 5.08 5.08 11.08 19.51 30.59 35.67

FAIRFAX - 151 11.35 11.35 7.13 51.48 58.61 69.96

FALLS CHURCH - 110 4.51 4.51 27.28 0.00 27.28 31.79

FARMVILLE - 144 9.58 9.58 8.67 25.99 34.66 44.24

FRANKLIN - 145 5.39 5.39 14.09 29.73 43.82 49.21

FREDERICKSBURG - 111 15.53 15.53 12.56 47.74 60.30 75.83

FRONT ROYAL - 112 8.13 8.13 8.24 48.51 56.75 64.88

GALAX - 113 8.08 8.08 12.72 39.59 52.31 60.39

GROTTOES - 228 0.00 0.00 2.15 17.40 19.55 19.55

HAMPTON - 114 49.24 49.24 50.49 327.58 378.07 427.31

HARRISONBURG - 115 16.79 16.79 35.55 77.44 112.99 129.78

HERNDON - 235 2.52 2.52 10.72 36.71 47.43 49.95

HOPEWELL - 116 10.47 10.47 14.65 96.94 111.59 122.06

LEBANON - 252 5.84 5.84 1.51 21.84 23.35 29.19

LEESBURG - 253 7.68 7.68 13.27 50.68 63.95 71.63

LEXINGTON - 117 5.49 5.49 5.55 13.83 19.38 24.87