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1321 - 1340 of 1848 Results

IMPAIRMENT OF CAPITAL ASSET AND RELATED INSURANCE RECOVERIES

Chapter: 8600

Section: 8619

Section deleted and content moved to 8618.3

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8619
ACCOUNTING AND CONTROL OF PROPERTY

Chapter: 8600

Section: 8650

Deleted and moved to 8650.1, 8650.2 and 8650.4.

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8650
ENTRIES FOR FUNDS USING THE CAPITAL ASSETS GROUP OF ACCOUNTS

Chapter: 8600

Section: 8671

(Deleted and moved to 10537-10539

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8671
INFRASTRUCTURE

Chapter: 8600

Section: 8610

Section deleted and content moved to 8610.6

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8610
ACCOUNTING FOR PROPERTY DISPOSITION - LOST, STOLEN, OR DESTROYED PROPERTY

Chapter: 8600

Section: 8643

Agencies/departments will prepare a Property Survey Report form, STD. 152 whenever property is lost, stolen, or destroyed. The agency/department will adjust its property register and asset accounts to remove the asset and any accumulated depreciation. See SAM section 8641, Sale of Property, for trea ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8643
CLASSIFYING PROPERTY - INFRASTRUCTURE

Chapter: 8600

Section: 8610.6

(Revised 10/2020 and renumbered from 8610) Infrastructure assets are long-lived capital assets/property that typically are stationary in nature and can be preserved for a significantly greater number of years than most capital assets. Examples of infrastructure assets include: Roads Bridges Tunn ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8610-6
IDENTIFICATION AND TAGGING

Chapter: 8600

Section: 8651

Tagging Property Agency/department heads are responsible for safeguarding the state’s assets. All property will be logged in the property register and entered into a property inventory system. Agency/department heads should establish an internal policy that takes into consideration the cost ve ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8651
VALUING PROPERTY - REPAIRS AND MAINTENANCE

Chapter: 8600

Section: 8618.2

(Revised and renumbered from 8618) In contrast to improvements, repairs and maintenance retain value rather than provide additional value. Maintenance activities keep an asset in good working condition or make it possible for the asset to be utilized for its estimated useful life. Repair and mainten ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8618-2
INTANGIBLE ASSETS – RIGHT-TO-USE SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS (SBITA)

Chapter: 8600

Section: 8615.5

Governmental Accounting Standards Board (GASB) Statement No. 96 establishes uniform accounting and financial reporting requirements for subscription-based information technology arrangements (SBITAs). A SBITA that meets the scope of GASB Statement No. 96 results in a right-to-use SBITA asset, ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8615-5
PROPERTY—DEFINITION

Chapter: 8600

Section: 8609

Section deleted

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8609
CLASSIFYING PROPERTY - CAPITALIZED PROPERTY

Chapter: 8600

Section: 8602

Property is capitalized for accounting purposes when certain conditions are met. Capitalization means to record the property in the accounting records as capital assets if they meet predetermined criteria, commonly known as the capitalization threshold. Agencies/Departments shall capitalize t ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8602
CLASSIFYING PROPERTY - LEASEHOLD IMPROVEMENTS

Chapter: 8600

Section: 8610.4

Leasehold improvements are improvements to property that is not owned by the state. The improvements may be capitalized if the costs meet the capitalization threshold in SAM section 8602 and one condition of SAM section 8618.1. Improvements paid by the lessor are not recorded as leasehold improvemen ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8610-4
INVENTORYING PROPERTY

Chapter: 8600

Section: 8652

Taking Physical Inventory Agencies/departments will make a physical count of all property and reconcile the count with the accounting records at least once every three years. Inventory counting does not need to be performed at one time for an entire agency’s/department’s capital a ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8652
CLASSIFYING PROPERTY - IMPROVEMENTS OTHER THAN BUILDINGS (LAND IMPROVEMENTS)

Chapter: 8600

Section: 8610.3

(Revised 10/2020 and renumbered from 8613) Improvements other than buildings (land improvements) consist of permanent improvements that add value to land but do not have an indefinite useful life. The improvements may be associated with a specific building, but would not be an improvement of the bui ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8610-3
PURPOSE AND DEFINITION OF PROPERTY ACCOUNTING - TERMS AND DEFINITIONS

Chapter: 8600

Section: 8600.1

Capital Assets/Property: may be capitalized or non-capitalized. The term capital assets/property is used interchangeably in SAM Chapter 8600 and includes all tangible and intangible assets. Capitalized Asset: is a capital asset whose estimated useful life and cost to acquire, construct, or improve e ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8600-1
CLASSIFYING PROPERTY - BUILDINGS AND BUILDING IMPROVEMENTS

Chapter: 8600

Section: 8610.2

(Revised 10/2020 and renumbered from 8612) Buildings Buildings are structures that provide workspace, storage space, or are used in some other capacity for state activities. Buildings are recorded as a separate capital asset, even if it is closely associated with another capital asset. For example, ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8610-2
OTHER CAPITALIZED AND NON-CAPITALIZED TANGIBLE PROPERTY

Chapter: 8600

Section: 8614

Section deleted, revised and renumbered to 8610.5

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8614
DEPRECIATION AND AMORTIZATION

Chapter: 8600

Section: 8616

(Revised and renumbered from 8617) Depreciation Depreciation is the mechanism used to allocate the cost of a tangible asset over the estimated useful life of the asset. The cost of capitalized tangible assets is equitably allocated as an expense to each of the benefitting periods through the depreci ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8616
ACCOUNTING FOR PROPERTY ACQUISITIONS - PURCHASE

Chapter: 8600

Section: 8631

Purchased capital assets/property are recorded at historical cost. Historical cost is the purchase price plus all related costs incurred to put the asset into place and make ready for its intended use.

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8631
CLASSIFYING PROPERTY - NON-CAPITALIZED PROPERTY

Chapter: 8600

Section: 8603

Property that does not meet the capitalization threshold in SAM section 8602 is considered non-capitalized property. Acquisition of non-capitalized property will be recorded in the property register, accounted for as an expenditure in the period acquired, and recorded in the general ledger as a non- ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8603

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1321 - 1340 of 1848 Results

IMPAIRMENT OF CAPITAL ASSET AND RELATED INSURANCE RECOVERIES

ACCOUNTING AND CONTROL OF PROPERTY

ENTRIES FOR FUNDS USING THE CAPITAL ASSETS GROUP OF ACCOUNTS

INFRASTRUCTURE

ACCOUNTING FOR PROPERTY DISPOSITION - LOST, STOLEN, OR DESTROYED PROPERTY

CLASSIFYING PROPERTY - INFRASTRUCTURE

IDENTIFICATION AND TAGGING

VALUING PROPERTY - REPAIRS AND MAINTENANCE

INTANGIBLE ASSETS – RIGHT-TO-USE SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS (SBITA)

PROPERTY—DEFINITION

CLASSIFYING PROPERTY - CAPITALIZED PROPERTY

CLASSIFYING PROPERTY - LEASEHOLD IMPROVEMENTS

INVENTORYING PROPERTY

CLASSIFYING PROPERTY - IMPROVEMENTS OTHER THAN BUILDINGS (LAND IMPROVEMENTS)

PURPOSE AND DEFINITION OF PROPERTY ACCOUNTING - TERMS AND DEFINITIONS

CLASSIFYING PROPERTY - BUILDINGS AND BUILDING IMPROVEMENTS

OTHER CAPITALIZED AND NON-CAPITALIZED TANGIBLE PROPERTY

DEPRECIATION AND AMORTIZATION

ACCOUNTING FOR PROPERTY ACQUISITIONS - PURCHASE

CLASSIFYING PROPERTY - NON-CAPITALIZED PROPERTY