Government Services / GASB 49 Compliance

Historical systemic biases have generally resulted in government agencies understating many of the liabilities on the balance sheet. Such understatements have misrepresented an agency`s financial position and thus have resulted in poor capital planning. To counteract this pervasive problem, the Governmental Accounting Standards Board Statement No. 49 ("GASB 49") was enacted to make key changes to past reporting methodologies. This new reporting standard is effective for financial statements for periods beginning after December 15, 2007.

ERCI`s expertise is instrumental for government agencies looking to revamp their environmental liabilities reporting methodology in light of GASB 49. ERCI provides consulting services to government agencies that wish to validate current and future environmental reserves, to determine asset retirement obligations, to ensure compliance with new reporting requirements, and to improve the efficiency of their environmental expenditures.

• Compliance with GASB 49
• Characterization and quantification of environmental risks
• Validation of environmental reserves
• Consolidation of site-specific information in customized templates and reports
• Clear and consistent reporting of Pollution Remediation Obligations (PROs) and the timing of Obligating Events

• Government
• Waste / Landfill Management