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Division Director

Christina Smith

Assistant Director

Rick Sweet


Accounting and Auditing
200 East Gaines Street
Tallahassee, FL 32399-0318

(850) 413-5510
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July 1, 2001

COMPTROLLER'S MEMORANDUM NO. 1 (2001-02)

SUBJECT: STATEWIDE FINANCIAL STATEMENT CAPITAL ASSET POLICY

Agencies have been apprised of the requirements contained in Governmental Accounting Standards Board (GASB) Statement 34, Basic Financial Statements – and Management's Discussion and Analysis – for State and Local Governments. GASB 34 requires financial statement disclosure of the statewide policies on capitalization and depreciation of capital assets. All state agencies and other entities included in the State's primary government should follow the attached Statewide Financial Statement Capital Asset Policy. This policy is effective July 1, 2001.

The response by Agencies on this issue has been outstanding and is appreciated. If you have any questions or need additional information, please contact Molly Merry, Bureau of Accounting at 410-9358, SUNCOM 210-9358, or e-mail at mcmerry@mail.dbf.state.fl.us.


Download as Adobe PDF documents:
Statewide Financial Statement Capital Asset Policy
Statewide Financial Statement Capital Asset Policy — Appendix A
Statewide Financial Statement Capital Asset Policy — Appendix B


Download all attachments as zipped MS Word and Excel documents