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Taking the Long View on Real Property
Real property professionals have long realized that they could greatly improve their financial reporting by being able to view their holdings across their entire agency. Having that broad view enables an organization to reduce waste, improve workplace efficiency, and better support its mission.
Is there really an operational down side to not having an enterprise-level view of your real property holdings? VISTA President and CEO David Baxa asks a few important questions.
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Three Questions with Relmond Van Daniker
Relmond Van Daniker, DBA, CPA is the Executive Director of the Association of Government Accountants (AGA). He recently spoke with the editors of "Managing Change" to explain his organization's charter, as well as the AGA's views on the financial implications of real property asset management. |
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The Bottom Line: What Are We Spending on Excess Property?
The numbers may shock you. On a rolling five-year basis, the government may be spending $425 billion - nearly half a trillion dollars - on real property it does not need, and will not use. It's notoriously difficult to get a handle on what the federal government is actually spending on maintaining real property. To try to get to a number that makes sense, we've researched current and past public records, expert testimony, and current market trends. Here's how we came to our conclusions.
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Non-Excess Justification: The Gateway to Enhanced Use Leasing
With federal operations and maintenance budgets being capped, there is a very real chance that some of your real property holdings may soon show signs of unintended neglect. You may be able to subsidize the maintenance of your real property holdings through enhanced use leasing. To do so, you'll need to know a little more about the notion of "non-excess justification" - the other side of the real property asset management coin. Find out more here. |
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