Energy Industries, Regulated & Deregulated Utilities and Infrastructure Regulated & Deregulated Industries Federal Appraisal LLC is a nationally recognized leader in the appraisal of the Energy Industries, Regulated and Deregulated Utilities, and Infrastructure.  We are the leading appraisal experts for: Power Plants, in regulated and deregulated states All technology or type Railroad Companies Utility companies, in regulated and deregulated statesElectricity CompaniesTelecommunications CompaniesNatural Gas CompaniesPipeline CompaniesWater & Sewer Companies InfrastructureRefineries Government Facilities and Military Bases Appraisal for these assets is unlike general business or real estate appraisal. These assets present special appraisal problems and therefore, the purpose of such appraisals is unusual.  They often involve a combination of assets, real property, personal property, and business intangibles.  Federal Appraisal LLC is a multi-disciplined team of real estate, business, and personal property appraisers, who have extensive experience working with other professionals, attorneys, accountants, engineers, and others.  The applicable laws and regulations change from state to town to federal contexts.  The issues that give rise to the need for the appraisal require substantially different types of appraisals, such as appraisals for regulated or deregulated states, litigation, SEC/investor or IRS/tax reporting, and government due diligence.

Geography Real Estate is Location, Location, Location! In the real estate industry, quality data and information are all too often not in the public domain and come from hard to find sources. Local knowledge, when combined with topical expertise, is irreplaceable and essential. Federal Appraisal & Consulting LLC provides locally-based, local experts anywhere in the USA. Until Federal Appraisal was formed, our clients did not have true national coverage. While some service providers claimed national real estate capabilities, they truly cover only perhaps a dozen or so markets with locally-based experts, and cover only the most common types of assets and issues. Our company mission is to provide services where ever our clients have assets, where ever our clients are located, for whatever types of assets and issues they may have. By the middle of the year 2002, we expect to have partners who are locally-based local market experts in the 200 largest markets and MSA’s in the USA, as well as who are internationally capable. Map of Coverage Due to the nature of our work, our appraisers frequently hold active state licenses in more than fifteen states at a time. Federal Appraisal regularly performs appraisals nationally and internationally. In fact, we have covered nearly every major city in the United States, 49 of the 50 states, and every major continent, internationally. This provides two dramatic advantages to our clients. It saves our clients money on the cost of service, and it greatly improves the quality of service. States covered shown in green, as of December 2005. International experience and capabilities are numerous, and are dependent on the nature of the assets and issues of the specific case. Please call us to discuss your specific international needs.

Impairment Studies UPDATE LINK Impairment issues have always been important in periods of economic contraction and decline. They have recently become more important, due to the general economic condition and the recent changes to accounting procedures. In late June 2001, the FASB issued Statements No. 141, Business Combinations, and No. 142, Goodwill and Other Intangible Assets, substantially changed the accounting for business combinations, goodwill, and intangible assets. The new procedures may now require a separate analysis of various tangible and intangible assets and may require a valuation of tangible and intangible assets to determine the impairment for the purpose of adjusting the booked values of assets. Impairment studies are complex appraisal and consulting issues because of the need to analyze several levels of value. The impaired assets may include significant business value, and other intangibles. The overall asset value as well as the value of components of the overall asset must be determined. Furthermore, the values must be reconciled. Federal Appraisal provides expert impairment studies in compliance with the latest accounting procedures. Federal Appraisal, LLC provides cost effective, USPAP-compliant impairment studies that are certified by MAI’s and ASA’s. See Business Valuation/Asset Type for more.

Mark to Market Mark to Market Appraisal Services Federal Appraisal, LLC provides “Mark to Market” Appraisal Services as required by the Government Accounting Standards Board (“GASB”) new rule, Statement 52. The rule requires state and local government endowment funds that hold land and other real estate as investments to report the asset or liability at fair value. When real estate is marked to market, for accounting purposes it is assigned the value that it would fetch in the open market. Currently, governments report such assets and liabilities at historical cost. The rule, Statement 52, was issued on November 21, 2007 and is effective for financial-statement periods beginning after June 15, 2008. The mandate mostly affects public colleges and universities, as well as other entities that carry land and other real property as part of their endowment investments. By reporting the endowed real estate at historical cost, governments provide investment results only in the year the holdings are sold. By using the fair-value or mark to market method, governments provide “more decision-useful information about their composition, current value, and recent changes in value,” noted the GASB in a press statement. The rule mandates that governments report changes in fair value as investment income and requires them to disclose the methods and significant assumptions used to determine that market value. Also, governments must provide investors with information about other investments booked at fair value. The “Mark to Market” Appraisal Services that Federal Appraisal, LLC provides comply with all GASB appraisal and accounting reporting requirements, as well as with the Uniform Standards of Professional Appraisal Practice (USPAP), the Appraisal Institute and the American Society of Appraisers.