New SAAM drafts of Sections 2551. 2555, 2560, 2561, 2562, 2565 and 2570

This is one in a series of articles that, between now and the implementation of the State’s new accounting system, will release draft sections of the updated State of Arizona Accounting Manual (SAAM).  The new SAAM Section drafts posted to the GAO Website at /publications/saam/saam-draft are:
 

2551 Long-lived Resources

Long-lived Resources Acquired by Gift, Confiscation, Escheat or Court Award

2555 Long-lived Resources

Transfer of Fixed Assets between Agencies

2560 Long-lived Resources

Lost, Stolen or Destroyed Fixed Assets

2561 Long-lived Resources

Disposals of Fixed Assets

2562 Long-lived Resources

Trade-ins, Warranty Replacements and Cannibalization of Fixed Assets

2565 Long-lived Resources

Intangible Assets Other than Software

2570 Long-lived Resources

Document Retention for Long-lived Resources

 

As was discussed in previous articles, these are drafts, which are being posted for comment.  They are not currently policy and will not take effect until July 1, 2015.  As drafts, they may still contain some highlights and notes that are artifacts of the policy development process—we know they are there and you needn’t comment upon them.  Between now and then, there may be many changes to the contents of these draft policies.  Some will be merely corrections; some will reflect changes in the systems under development; some will come about as a result of your emails to us or meetings we’ve had with your agencies. 

We appreciate and will evaluate every comment or recommendation we receive. We will not be able to acknowledge receipt of your suggestions or necessarily comment upon them.  For one or more reasons, we may not incorporate all your suggestions.

You’ll notice that the new format does not include an authority or a definitions section at the beginning of each policy statement.  The current intent is to have one glossary for the entire suite of sections and to have one section listing all authorities, categorized by topic and section. 

Comments, corrections, complaints and compliments should be emailed to [email protected].  Please include the number of the SAAM section in the subject line.  Please, if at all possible, comment upon new drafts within thirty (30) days of publication.

Author
Greg Vokoun
Date