| DATE: |
June 30, 1999 |
| TO: |
Agency Addressed (No. 22, 1998-99) |
| FROM: |
Douglas A. Darling, Director
Division of Accounting & Auditing
Office of Comptroller |
| SUBJECT: |
AMENDMENT TO OPERATING CAPITAL OUTLAY DEFINITION
|
Effective July 1, 1999, the definition of operating capital outlay
(OCO) as provided in Chapter 216, Florida Statutes, is amended. The
dollar value of OCO increases from $500 to $1,000 for equipment, fixtures,
and other tangible personal property of a nonconsumable and nonexpendable
nature. In addition, the value of hardback-covered bound books increases
from $100 to $250.
Encumbrances and accounts payable which are approved by the Office
of Planning and Budgeting as a certified forward obligation in a particular
category as of June 30, 1999, will be allowed to be expended in the
category in which approved. It will not be necessary to change the categories
on certified forwards obligations to comply with the new definition.
Also effective July 1, 1999, Section 273.02, Florida Statutes, is
amended to reflect the dollar values stated above for the purposes of
recording inventory in the property records. No changes on the part
of FLAIR users are required concerning the recording of property in
the property subsystem. If an agency wishes to automate the removal
of property records with a value less than $1,000 from their property
subsystem, please send a letter to Raymond Marsh at the following address:
Raymond Marsh, Director
Division of Information Systems
Office of Comptroller
Room 226, Fletcher Building
Tallahassee, Florida 32399-0350
If you have any questions or need additional information, please
contact Bob Spooner at 410-9194 or Suncom 210-9194.
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