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 shall submit Report No. 18 for each fund, except fiduciary funds, to the State Controller’s Office with other year-end financial reports.

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

For the financial reporting requirements of Report No. 18, see SAM Section 8670.2.

A sample of Report No. 18 is shown in 7977 Illustration 1.

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