Fiscal Year Memo #2025-21: FY2025 Annual Capital Asset Inventory Review
The annual inventory of GAAP capital assets is underway. Several MMARS reports can be accessed through MobiusView to assist with this effort. Every department must return a form confirming that the review has been completed.
The Office of the Comptroller (CTR) has established inventory controls and reporting guidelines for capital assets and instituted a mid-year and an annual capital asset inventory review. Capital assets are defined as GAAP and non-GAAP capital assets – please see CTR’s Fixed Assets – Acquisition Policy for details. Although the primary focus of this review is GAAP capital assets, departments should also review any non-GAAP assets under their ownership.
Please complete the Capital (Fixed) Assets Inventory Annual Review – FY2025 Confirmation Form include any variances identified in the review. The completed form should be sent directly to Christine Bender no later than July 25.