Infrastructure consists of roads, bridges, curbs and gutters, streets, sidewalks, drainage systems, lighting systems, historic monuments, and similar assets that are immovable and of value only to the State. 

Roads and bridges maintained by the Department of Transportation are reported using the modified approach. Under this method, the State will not report depreciation expense for roads and bridges but will capitalize all costs that add to the capacity and efficiency of State-owned roads and bridges. 

Other infrastructure assets are included net of appropriate depreciation in the government-wide financial statements.

Guide to Financial Operations

REV. 11/03/2023