YEAR-END REPORT NO. 18, STATEMENT OF CHANGES IN CAPITAL ASSETS GROUP OF ACCOUNTS - 7977

The Year-End Report No. 18, Statement of Changes in Capital Assets Group of Accounts, accounts for changes resulting from capital asset acquisitions and dispositions during the fiscal year. Agencies/Departments will submit Report No. 18 for each fund, except fiduciary funds, to the State Controller’s Office with other year-end financial reports.

For additional information on the purpose and use of Capital Assets Group of Accounts, see SAM Section 7463.

For additional information on financial reporting requirements in Report No. 18, see SAM Section 8670.2.

A sample of Report No. 18, Statement of Changes in Capital Assets Group of Accounts, is shown in 7977 Illustration 1.

If there is a variance between the capital asset account beginning balance and the prior year ending balance, agencies/departments are required to submit a Report No. 18, Statement of Changes in Capital Assets Group of Accounts, Beginning Balance Differential Report. A sample report is shown in 7977 Illustration 2.