(Revised and Renumbered from 7969 03/02)

 

At least quarterly, or monthly, depending upon the volume of property transactions, agencies will reconcile the acquisitions and dispositions of capitalized property with the amounts recorded into the property ledger.  For each transaction, include the fund name/number of the purchasing fund and the general ledger asset account.

 

In addition, agencies will reconcile annually these amounts to the Department of General Services' Statewide Real Property Inventory.  See SAM Section 1335.1.

 

Refer to the SAM sections below for the following:

 

Subject	Section
Acquisitions	8630 - 8634
Capitalization Criteria	8602
Definition of Property	8601
Dispositions	8640 - 8643
Year-end Reports	7977 - 7978