YEAR-END REPORT NO. 18, STATEMENT OF CHANGES IN CAPITAL ASSETS GROUP OF ACCOUNTS - 7977-JUN-2017
This report accounts for changes resulting from capital asset acquisitions and dispositions during the fiscal year. Submit this report for each fund within a department, except for Fiduciary Funds, with other year-end financial reports to the SCO.
See section 7463 for Capital Asset Group of Accounts.
See section 8660 for the information required in Report 18.
A sample of Report No. 18, Statement of Changes in Capital Assets Group of Accounts, is shown in 7977 Illustration 1.
A sample of Report No. 18, Statement of Changes in Capital Assets Group of Accounts, Beginning Balance Differential Report is shown in 7977 Illustration 2.
7977 Illustration 1
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Agency Name and Number Statement of Changes in Capital Assets Group of Accounts - Report No.18 Fund Name and Number As of June 30, 20XX |
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Beginning Balance¹ |
Additions |
Deductions |
Balance² |
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CAPITAL ASSETS |
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Tangible Assets |
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Land (2310) |
$ 1,000,000.00 |
$ - |
$ - |
$1,000,000.00 |
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|
Buildings (2321) |
1,361,000.00 |
500,000.00 |
- |
1,861,000.00 |
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Improvements Other Than Buildings (2331) |
535,000.00 |
- |
- |
535,000.00 |
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Equipment (2341) |
275,600.00 |
100,000.00 |
50,000.00 |
325,600.00 |
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Construction Work in Progress (2350) |
500,000.00 |
- |
500,000.00 |
- |
|
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Infrastructure - Depreciable (2362) |
- |
- |
- |
- |
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Intangible Assets |
- |
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Computer Software - Amortizable (2411) |
125,000.00 |
- |
- |
125,000.00 |
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Land Use Rights - Amortizable (2412) |
100,000.00 |
- |
- |
100,000.00 |
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Patents, Copyrights, and Trademarks - Amortizable (2413) |
50,000.00 |
- |
50,000.00 |
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Other Intangible Assets - Amortizable (2414) |
- |
- |
- |
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Land Use Rights - Non-Amortizable (2422) |
- |
- |
- |
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Patents, Copyrights, and Trademarks - Non-Amortizable (2423) |
- |
- |
- |
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Other Intangible Assets - Non-Amortizable (2424) |
- |
- |
- |
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Internally Generated Intangible Assets in Progress (2430) |
867,602.00 |
- |
- |
867,602.00 |
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TOTAL CAPITAL ASSETS |
$ 4,764,202.00 |
$ 650,000.00 |
$ 550,000.00 |
$4,864,202.00 |
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1. Asset beginning balances must agree with prior year ending balances. Any differences must be documented and explained in Report 18-Statement of Changes in Capital Assets Beginning Balance Differential Report. See 7977 Illustration 2.
2. The ending balances should equal the debit balances on Report No. 19 for each asset type.
7977 Illustration 2
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Agency Name and Number Statement of Changes in Capital Assets Group of Accounts (Report 18) Beginning Balance Differential Report Fund Name and Number As of June 30, 20XX |
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Breakdown of Difference: |
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
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Prior Year Ending Balance |
Current Year Beginning Balance |
Difference |
Assets unreported in the prior year |
Non-capitalizable assets reported as capital assets in the prior year |
Transfers from other departments |
Other amounts that make up the difference(provide description): |
Other amounts that make up the difference(provide description): |
Restatement Amount (should agree to the difference calculated) |
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Tangible Assets |
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|
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Land (2310) |
1,200,000 |
1,000,000 |
(200,000) |
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|
(200,000) |
|
(200,000) |
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Buildings (2321) |
1,661,000 |
1,361,000 |
(300,000) |
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|
(300,000) |
|
(300,000) |
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Improvements Other Than Buildings (2331) |
505,000 |
535,000 |
30,000 |
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|
|
30,000 |
30,000 |
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Equipment (2341) |
335,600 |
275,600 |
(60,000) |
|
(1,000) |
5,000 |
|
(64,000) |
(60,000) |
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Construction Work in Progress (2350) |
|
500,000 |
500,000 |
500,000 |
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|
500,000 |
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Infrastructure - Depreciable (2362) |
|
- |
- |
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- |
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Intangible Assets |
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Computer Software - Amortizable (2411) |
129,000 |
125,000 |
(4,000) |
|
(4,000) |
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|
(4,000) |
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Land Use Rights - Amortizable (2412) |
100,000 |
100,000 |
- |
|
|
|
|
|
- |
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Patents, Copyrights, and Trademarks - Amortizable (2413) |
50,000 |
|
(50,000) |
|
|
|
(50,000) |
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(50,000) |
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Other Intangible Assets - Amortizable (2414) |
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|
- |
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|
|
- |
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Land Use Rights - Non-Amortizable (2422) |
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- |
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|
|
- |
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Patents, Copyrights, and Trademarks - Non-Amortizable (2423) |
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|
- |
|
|
|
|
|
- |
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Other Intangible Assets - Non-Amortizable (2424) |
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- |
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- |
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Internally Generated Intangible Assets in Progress (2430) |
847,602 |
867,602 |
20,000 |
20,000 |
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20,000 |
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Total |
4,828,202 |
4,764,202 |
(64,000) |
520,000 |
(5,000) |
5,000 |
(550,000) |
(34,000) |
(64,000) |
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Report Instructions:
Col. 1 - Enter Ending Balance from Prior Year Report 18.
Col. 2 - Enter Beginning Balance from Current Year Report 18.
Col. 3 - Compute difference between current year beginning balance and prior year ending balance.
Research posting and source documents to identify and explain the difference.
Col. 4 – 8 Breakdown and categorize the differences in columns 4 to 8.
Col. 9 - Compute the sum of columns 4 to 8. The amount should agree with the computed difference in column 3.