Asset Management

Fixed asset lifecycle management with GASB 34 and GASB 42 compliance. Three depreciation methods — straight-line, declining balance, and units of production — run in monthly batch cycles. GASB 42 impairment tracking covers 6 types: physical damage, obsolescence, legal, environmental, change in use, and construction stoppage. Asset disposal calculates gain/loss automatically across 6 disposal methods (sale, scrap, trade-in, donation, theft, transfer out). Inter-department and inter-fund transfers generate GL reclassification entries. Capital Improvement Project (CIP) bridge capitalizes completed projects into fixed assets. CAFR schedule generation groups assets by category, fund, or department with 5-year depreciation forecasts.