CTR Announcements

NOW AVAILABLE: New Capital Assets – Acquisition, Impairment, and Accounting Policy

On September 8, 2025, the Office of the Comptroller released a new Capital Assets – Acquisition, Impairment, and Accounting Policy that combines the previous “Fixed Assets – Acquisition”, “Accounting and Management”; “Impairment of Capital or Other Assets and Insurance Recoveries” Policies.

In addition to the consolidation of the policies, the following major updates have been made in the new policy:

• Updates to key terminology
• Removal of outdated references
• Re-organized and consolidated information to create a more accessible reference document

The policy, and any future update, is now available in PowerDMS [login required] under the Capital Assets > Policies folder, and is publicly available at macomptroller.org/policies.