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| A
major requirement of Government Accounting Standards Board
34 is that fixed asset records, which include capital
assets and infrastructure, must be maintained by public
entities in a complete, accurate and detailed manner to
adequately account for and report fixed asset activity.
Governmental entities' records must include acquisition
date and cost, expected asset lives, and depreciation
for the following: |
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Machinery and Equipment |
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Buildings
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Land
Improvements |
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Infrastructure |
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Land
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| Many
governmental entities such as school districts, municipalities
and county governments simply do not have the time or
internal resources required to produce an acceptable capital
asset record. Olin Wagner Valuation Group can cost effectively
and efficiently provide a service that satisfies compliance
standards. The following services are provided to the
public sector for GASB 34 compliance. |
|
Bar
Code Physical Inventories and Valuation |
|
Infrastructure
Valuations
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Building
and Land Improvement Valuations |
|
Land
Valuations |
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Annual
Updating & Re-inventory Services
|
The
Governmental Accounting Standards Board (GASB) Statement
35's reporting requirements force institutions to have
a complete and accurate inventory of moveable equipment,
buildings, land, land improvements, and infrastructure.
Historical cost must be assigned to each of these asset
groups and depreciation must be calculated from the purchase
date.
Many governmental entities such as school districts, municipalities
and county governments simply do not have the time or
internal resources required to produce an acceptable capital
asset record. Olin Wagner Valuation Group can cost effectively
and efficiently provide a service that satisfies compliance
standards. The following services are provided to the
public sector for GASB 35 compliance. |
| |
Moveable
Equipment Inventories utilizing Barcode Technology |
|
Building
and Land Improvement Inventories/Valuations
|
|
Infrastructure
Valuations |
|
Annual
Update Services |
|
Cyclical
Inventory Updates
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