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<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff size=2>Hi
Russell,</FONT></SPAN></DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff size=2>I sent
out a similar inquiry a couple months ago but didn't hear anything
back.</FONT></SPAN></DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff size=2>The
City of Kelowna is also in the process of reporting on our tangible
assets. However, at this point we've been told that they don't want any
information on trees or other living assets - this might be coming later, but in
the mean time they only want our "grey infrastructure".</FONT></SPAN></DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff size=2>We
have a complete inventory of all of our "planted" trees and the inventory
includes appraised values, as per the ISA appraisal "trunk formula". You
can also come up with an estimated value of your tree resource using sampling
protocols, as you are probably aware. So we are working on the premise
that our trees are capital assets that appreciate over time, but we don't know
if this will be accepted by PSAB.</FONT></SPAN></DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff size=2>I
would also be very interested to learn what you, and other municipalities are
doing. I don't think the accountants really know how to handle this.
We as municipal arborists, should probably be making recommendations to the PSAB
on the appropriate way to track these assets. Perhaps through CANUFNET we
can get a group together to come up with a strategy. </FONT></SPAN></DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff
size=2></FONT></SPAN><SPAN class=423312214-17032008><FONT face=Arial
color=#0000ff size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff size=2>
<DIV align=left><FONT face=Arial size=2>
<DIV align=left><FONT face=Arial><FONT size=2>Ian Wilson<SPAN
class=457212822-05022008>, RPF, Certified Arborist</SPAN></FONT></FONT></DIV>
<DIV align=left><FONT face=Arial><FONT size=2><SPAN
class=457212822-05022008>Urban Forestry Supervisor</SPAN></FONT></FONT></DIV>
<DIV align=left><FONT face=Arial size=2>City of Kelowna</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>Parks, Recreation and Cultural
Services</FONT></DIV>
<DIV align=left><SPAN class=457212822-05022008><FONT face=Arial size=2>1359 KLO
road,</FONT></SPAN></DIV>
<DIV align=left><SPAN class=457212822-05022008><FONT face=Arial size=2>Kelowna,
BC V1W 3N8</FONT></SPAN></DIV>
<DIV align=left><FONT face=Arial size=2><A
href="mailto:iwilson@kelowna.ca">iwilson@kelowna.ca</A></FONT></DIV>
<DIV align=left><FONT face=Arial size=2>Phone: (250) 469-8842</FONT></DIV>
<DIV align=left><FONT face=Arial size=2>Fax: (250) 862-3335</FONT></DIV>
<DIV align=left> </DIV>
<DIV align=left><IMG alt=BestBlooming hspace=0 src="cid:423312214@17032008-3127"
align=left border=0></DIV></FONT></DIV></FONT></SPAN></DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=423312214-17032008><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=OutlookMessageHeader lang=en-us dir=ltr align=left><FONT
face=Tahoma size=2>-----Original Message-----<BR><B>From:</B>
canufnet-bounces@list.web.net [mailto:canufnet-bounces@list.web.net] <B>On
Behalf Of </B>Friesen, Russell<BR><B>Sent:</B> Friday, March 14, 2008 3:41
PM<BR><B>To:</B> Canadian Urban Forest Network<BR><B>Subject:</B> [CANUFNET]
Tangible Capital Asset Registry - Reporting Trees andUrban Forest
Assets<BR><BR></FONT></DIV>
<DIV dir=ltr align=left><FONT size=2><FONT face=Arial><SPAN
class=523531820-14032008>Tangible Capital Asset Registries are topic that
has great implications for municipal forestry operations across the country,
but I am pretty sure most CANUFNET subscribers have probably
never even heard of it. Around 2005, t</SPAN><SPAN
class=523531820-14032008>he Public Sector Accounting Board
(PSAB) recommended that governments including municipalities report
"Tangible Capital Assets" (TCA) on their balance sheets. </SPAN><SPAN
class=523531820-14032008>In Alberta, this recommendation became law and is now
a legislative requirement commencing Jan. 1 2009. The Province of
Ontario also appears to have similar requirements, and many
municipalities in that jurisdiction are well on their way to reporting TCA.
</SPAN></FONT></FONT></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2> </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Unfortunately, there does not appear to be a standard practice or
consensus on how to report trees. The advice given by the
PSAB isn't specific and opinion from other sources is
contradictory, ranging from don't report the value of trees, to report the
value of trees that were planted with a purpose (like visual screening),
to report the value trees as if they were converted to pulp
wood.</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Most municipalities involved in building TCA
registries have hired consultants to aid with the developing
the reporting process. In some cases the same consultants have been hired
by several municipalities, but for ethical reasons the consultants can't share
what one municipality is doing with another municipality. All this
results in a dearth of guidance and information about how to report trees
and the urban forest in a Tangible Capital Asset
Registry. </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Therefore, I think that it is important for municipal foresters to
share with each other what they know about TCA registries, what their TCA
will report, how their reporting policy is worded and how they are
going to track, collect and manage their asset reporting in subsequent
years. . </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>So now for my questions. </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Which other municipalities are in the process of building their
TCA?</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>How are you planning on reporting
trees? </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Have you tried to make the case that tree appreciate in value rather
than depreciate? ... and how did that go?
</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Are you using historic costs of acquisition (planting) for your
starting point and depreciating from there? </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Are you reporting individual trees or lumping trees into a
general average land improvement value? </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>What is your useful lifespan for a tree? </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>How are you taking into
account vintages? </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>And my final question, does anybody - anywhere, understand this?
</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Thank You </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Russell Friesen</FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>Urban Forestry Coordinator </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2>City of Calgary Parks </FONT></SPAN></DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT
face=Arial></FONT> </DIV>
<DIV dir=ltr align=left><FONT face=Arial></FONT> </DIV></SPAN>
<DIV dir=ltr align=left><SPAN class=523531820-14032008><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr align=left><SPAN class=523531820-14032008></SPAN> </DIV>
<P>
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