Field Service, Inc. has been helping municipal governments with the preparation of capitalized fixed assets reporting for over 10 years. Since the implementation by the Governmental Accounting Standards Board (GASB) of their Statement No. 34, governments have been responsible for maintaining a capitalized fixed asset list. A depreciation schedule must be employed and assets must be depreciated accordingly.
Field Service, Inc. has worked with numerous municipalities in capturing their initial inventory data, configuring depreciation schedules and compiling reports such as Net Book Vaule, Depreciation Expense, Acquisition and Disposal reports. We've created many custom report formats to suit customers' and audtiors' needs as well.
Continuing customers simply provide us with a list of asset changes from the fiscal year and we take care of all the reporting for them.