Author Archives: John.Rosengard

Benefits of Being Proactive

Posted on October 5, 2009 by John.Rosengard

In comparing different remedial strategies for a cleanup site, the present value of cost is always a valuable benchmark. But is there a benefit to being proactive? Quantifying this is difficult, but answering these questions can help in selection of … Continue reading →

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Historical Reserve Balance

Posted on September 28, 2009 by John.Rosengard

Over the past several years, ERCI has assembled the historical environmental reserve balance data from major corporations. We have been trying to learn if environmental remediation liabilities have been increasing, flat or decreasing,and whether industry consolidation alters trends. On our … Continue reading →

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“Implementing GASB 49” Teleconference Hosted by the American Bar Association

Posted on September 21, 2009 by John.Rosengard

On September 9, I participated in a webinar on implementing Government Accounting Standards Board Statement No. 49 (GASB 49) – Accounting and Financial Reporting for Pollution Remediation Obligations. This event was moderated by Gayle Koch of the Brattle Group, and … Continue reading →

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What is an environmental reserve?

Posted on August 28, 2009 by John.Rosengard

The simple answer is a promise to pay, or an IOU. It is a liability on a balance sheet. It is not a dedicated account with liquid assets. It is not cash waiting to be spent. Environmental liabilities are not … Continue reading →

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