RSCCC Asset Management allows accurate
accounting of school districts' capital and inventory
assets. Capital asset items include land, buildings,
furniture, and equipment. The Asset Management application
fixes responsibility for the custody and use of these
items and permits the district to hold individuals
accountable for items charged to their responsibility.
An item is determined to be charged to a particular
individual according to its placement in a specific
location for which a given individual is responsible.
The application is also used to provide current information
on the quantity, location, age, and life expectancy
of the asset items.
Each district can customize its use of the Asset Management
application by indicating what information is to be collected
and what catalog and item numbering systems are to be
used. As an added control, the system maintains a file
of all changes made to inventory records. In this way,
administrators can verify the distribution and disposal
of fixed asset items. Reports can be printed based on
inventory records. This allows for the conducting of
a physical inventory of the furniture and equipment items.
Inquiries can also be performed of items selected by
specified criteria at any time.
GASB 34 compliancy includes depreciation book maintenance
as well as depreciation calculations, schedules, distribution
codes, and the ability to calculate prior years’ depreciation.
Asset Management Features:
- Automatic item numbering
- Automatic item retrieval
from RSCCC Finance
- Depreciation of capital assets #
Forecasting of replacement needs
- Inventory check in
and check out
- Manual entry of items
- Mass updates
for inventory records
- Required audit trail
- Tracking
of manufacturer information
- User-defined codes, for
example, property class
Asset Management Reports:
- Asset Import Listing
- Auditor Analysis
- Book Audit
File Listing
- Campus Room Inventory Listing
- Capital
Assets/Inventory Listing
- Checked Out Inventory File
Listing
- Condition Code Listing
- Depreciation Detail
Schedule
- File Report - Detail
- Gain Code Listing #
Insurance Value
- Inventory Audit File Listing
- Property
Class Listing
- Transaction Audit File Listing
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