8660     FINANCIAL STATEMENT REPORTING REQUIREMENTS
(Revised 3/90)

Fixed assets will be included in year-end financial statements. Proprietary funds will report fixed assets and accumulated depreciation in the funds themselves. Fiduciary funds will record fixed assets (fully reserved) in the funds themselves. Departments which acquire property with resources of governmental funds will prepare a Statement of Changes in General Fixed Assets and a Statement of General Fixed Assets for the General Fixed Asset Account Group.

1. The Statement of Changes in General Fixed Assets will contain the following for each asset type:
   1. A listing of asset beginning balances in General Ledger Account Number order (e.g., land, building, etc.);
   2. A listing of asset additions;
   3. A listing of asset deductions;
   4. A listing of asset ending balances.
   Refer to SAM Section 7977 Illustration 1 for the required report format.
2. The Statement of General Fixed Assets will contain the following:
   1. A listing of assets, in General Ledger Account Number order (e.g., land, building etc.), for each asset type;
   2. A listing of the investment in these general fixed assets by sources of the governmental funds used to acquire each;
   3. A footnote that inventories of property were conducted in accordance with SAM Section 8652;
   4. A footnote that subsidiary fixed assets records are in agreement with the general ledger control accounts.
   Refer to SAM Section 7977 Illustration 2 for required report format.