Periodic Fixed Assets Processing and Reporting

Periodic Fixed Asset Processing and Reporting

Last Updated on Thursday, October 20, 2011 at 5:01 AM

Documents needed by Kentucky School districts to perform end of year processes in Fixed Assets and to generate reports as required for Kentucky and GASB 34 reporting purposes.

For any questions regarding fixed assets processing in Kentucky please contact:
Kristin Lambert
Phone: 502-564-2020 x217
kristin.lambert@education.ky.gov

Procedures for processing Depreciation in MUNIS.
Procedures required in preparing for the End of the Year in fixed assets.
Document provides instructions in generating GASB #34 reports in MUNIS. KDE does not recommend using these reports due to chart of account changes however they are available to be used as an Excel template. KDE is currently reviewing other options.
Procedures for producing the Fixed Asset Depreciation Schedule report.
Procedures for processing the Fixed Asset Discrepancy Report.