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Asset Management User Group Meeting February 21 & 27, 2006
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2 Today’s Agenda 1.Reminders – John Harnick 2.Scanner Contract Update – Kathleen M. Anderson 3.Overview of Physical Inventory – Stephen Perkins 4.Review agency use of Profiles – Roland Lataille 5.Asset Mgmt training events – Kelly Clark 6.Introduction to the CO-59 – Stephen Perkins 7.Fiscal Year End Activities – Kelly Clark
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3 Reminders Share this information with staff at your agency Reduces questions Reduces errors Increases productivity
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4 Reminders Year End Error notifications Core-CT notifies agencies of errors Agency staff needs to keep up with error correction Spend your budgeted funds Make FYE work smoothly
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5 Scanners for Asset/Inventory The State supported handheld scanner will be the wireless Intermec CK31CA RF.
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6 How Can Agencies Purchase Scanners? Micromation Attn: Jan Schulze – schulze@micromation.com 16300 Katy Freeway, Suite 140 Houston, Texas 77094 1-800-959-1960 Fax: 281-578-0414
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7 Is it mandatory for all agencies to use the scanners for physical Asset/Inventory? It is not mandatory for agencies to use the scanners for Asset/Inventory. Agencies that currently use scanners may continue to use their old ones, however, the purchase of the new CK31CA is highly recommended. Agencies that perform their physical Asset/Inventory manually may continue to do so. Agencies should keep in mind that the electronic method is more efficient than the manual method. VS.
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8 What to purchase? Intermec CK31C-CK31CA RF Handheld Computer $1,709.50 each Standard Range Laser $189.00 each DOC, COMM, Single Position, CK30/31 Part No. AD1 $193.60 each Power Supply Part No. 073573 - $67.50 each AC Power Cord US Part No. 586105 - $5.40 each USB Cable Part No. 321-576-002 - $26.40 each Total $2,165.00 Single Scanner
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9 How will users learn to use the scanners? A handout has been created to aid users. We do ask that users read the manual as well. Please Read the Manual
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10 Downloading Instructions Go to the CORE-CT Web Site – http://www.core-ct.state.ct.us/ under New and Useful Links http://www.core-ct.state.ct.us/financials/aibsp/index.htm
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11 Questions, issues, concerns? Application issues - Contact the CORE-CT HelpDesk 860- 622-2300 core.support@ct.gov core.support@ct.gov Contract issues – Marcie Wilson, PSO2 DOIT 860-622-2329 or marcie.wilson@ct.gov marcie.wilson@ct.gov Micromation issues – Jan Schulze 1-800-959-1960 or schulze@micromation.com schulze@micromation.com
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12 “On-Line” Customized Bar Code Label Contract! Stay Tuned…
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13 Revisions to the Property Control Manual Chapter 3 The annual report of all capitalized real and personal property must be in the format prescribed by the Office of the State Comptroller. The report must be submitted by October 1st and must reflect the sum total of the physical inventory as of June 30th. Revision Date TBD
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14 Physical Inventory must be completed in Core-CT Two ways to conduct the physical inventory Hand held scanner count Manual count Revisions to the Property Control Manual
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15 Inventory in Accordance with the Property Control Manual
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16 Inventory in Accordance with the Property Control Manual
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17 Inventory in Accordance with the Property Control Manual
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18 Inventory in Accordance with the Property Control Manual
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19 Inventory in Accordance with the Property Control Manual
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20 Inventory in Accordance with the Property Control Manual
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21 Review Profiles 1.Profiles that begin with “1” VS “IS” Profiles 2.How the Profile Impacts the CO-59 3.Correct uses of 1Software Profile
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22 Profiles that begin with “1” VS “IS” Profiles “IS” Profiles may only be used by Internal Fund agencies DASS1, DOCS1, ITDS1, DOTD1 “1” Profiles may be used by all agencies including Internal Fund agencies 1. Review Profiles
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23 “1” May be used by all State Agencies 1FINEARTFine Art & Historical Treasures 1LANDState Owned Land 1SITEIMPROSite Improvements 1LEASEPROPLeased Property Improvements 1BUILDINGSState Owned Buildings 1LEASEDBUILeased Buildings 1SOFTWARESoftware Owned By State 1BOOKS/MAPBooks, Maps, & Records 1EQUIPMENTFurnishings & Equipment 1LIVESTOCKLivestock 1AIRCRAFTAircraft & Equipment 1VEHICLESCars, Buses, Trucks etc. 1BOATBoat 1RAIL CARRailroad Car 1CNTRLITEMControllable Assets 1LCNTRLLease Controllable 1ROAD/BRIGRoads and Bridges 1RAIL/BRIGRailways and Bridges 1AIR LANDAirport Landing & Parking-20 yrs 1CONSTRUCTConstruction in Progress 1. Review Profiles
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24 “IS” Restricted to Internal Service Fund Agencies ISEQUIP3Equipment 3 year life ISEQUIP4Equipment 4 year life ISEQUIP5Equipment 5 year life ISEQUIP10Equipment 10 year life ISEQUIP84Equipment 84 months ISEQUIP66Equipment 66 months ISVEHICLESCars, Buses, Trucks etc. ISBUILD30Airport Buildings-30 years ISBUILD20Airport Buildings-20 years ISBUILD10Airport Buildings-10 years ISAIRLANDAirport Landing & Parking-15 yrs ISAIRLANDAirport Landing & Parking-30 yrs ISWATERSYSWater System ISSEWERSYSSewer System ISGLYCOLGylcol System 1. Review Profiles
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25 How the Profile Impacts the CO-59 Profile determines Category Useful Life (Depreciation) –Depreciation is used by Comptroller in her annual financial report 1. Review Profiles
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26 Equipment applies to “1” and “IS” Profiles PROFILECATEGORY 1AIRCRAFT 1BOAT 1BOOKS/MAP 1EQUIPMENT 1LIVESTOCK 1RAIL CAR 1VEHICLES ISEQUIP10 ISEQUIP3 ISEQUIP4 ISEQUIP5 ISEQUIP66 ISEQUIP84 ISVEHICLES 2. Review Profiles EQUIP
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27 PROFILECATEGORY 1FINEART ART 1BUILDINGS ISBUILD10 ISBUILD20 ISBUILD30 1CNTRLITEM CNTRL 1CONSTRUCT CONST 1SITEIMPRO IMPRO 1AIR LAND 1RAIL/BRIG 1ROAD/BRIG ISAIRLAND ISGLYCOL ISSEWERSYS ISWATERSYS 1LAND LAND 1LEASEDBUI LBUIL 1LCNTRL LCNTR 1LEASEPROP LIMPR 1SOFTWARE SOFT 2. Review Profiles INFRA BUILD
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28 2. Review Profiles
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29 Correct uses of 1Software Profile Software written by or for the State Does NOT include software we purchase We only purchase a license to use We DO NOT own the source code Example: Microsoft, anti-virus software 3. Review Profiles
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30 3. Review Profiles Software Management Policy The Software Management Policy Manual has been incorporated into the Property Control Manual. (Chapter 7) “A software inventory(s) must be established by all agencies. This inventory will include software acquired with State funds (excluding external funding sources) and installed by an agency or its funding units. ****Most state software is not state-owned and consequently would not be listed on the CO-59, but accounted for in the respective agency's software inventory records.****” (emphasis added)
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31 3. Review Profiles Software Management Policy Manual OLD : “Software inventory that is reportable on the CO-59 would be listed in the "Exceptional items" category within the state- owned personal property section. This would include in-house developed software systems.” ► NEW ◄ designation for software written by or for the State - SOFT
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32 3. Review Profiles Tracking Licensed Software Track outside of Core-CT State Property Control Manual – Chapter 7 Track inside of Core-CT 1CNTRL Establish a Class called Software for reporting purposes Reminder: Core-CT is a Financial System and not a software tracking system OR
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33 3. Review Profiles
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34 Upcoming Asset Training Events 1.Physical Inventory Training 2.Physical Inventory labs Scanner inventory Manual inventory Process 3.Helpdesk arrangements
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35 1. Physical Inventory Training Designed for person responsible for performing the inventory Only Asset Processors will be admitted Scanner agencies trained separately from manual agencies FAM210 – Physical Inventory (Scanner) FAM211 – Physical Inventory (Manual) Sessions will be formally announced after the February 27 user group meeting
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36 1. Physical Inventory Training March 13 through March 23 16 sessions / 14 users per session Two sessions per day 8:30-12:00 and 1:00-4:30 State Office Building Room G38 Kelly Clark and Stephen Perkins Contact your Training Registration Contact
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37 2. Help Desk Arrangements Support Team (ARC) Carolyn Mercier Betty Daly Sam Johns Elise Helmecki Brenda Halpin
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38 2. Help Desk Arrangements All Physical Inventory questions 702-TBD Response will be Email Phone Visit to Agency Asset Management lab Response will be determined by the Helpdesk
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39 3. Physical Inventory Labs By Appointment Labs are held on Fridays 8:30, 10:00, 11:30 Contact 702-TBD Scanner labs Manual Inventory labs Process labs
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40 Introduction to the CO-59
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41 Introduction to the CO-59 Due October 1 Changes Listing is by Category Last Year Balance crosswalk Additions and Deletions from Core-CT
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42 Introduction to the CO-59 New LAND IMPRO Old LAND Site Improvements
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43 Introduction to the CO-59 New BUILD LBUIL - Leased Buildings LIMPR - Leased Buildings (Improvements) ART Other Property Owned with Trustee Funds Old Buildings Improvements on Leased Property Works of Art, Historical Treasures Other Property Not Owned by the State Property of the US Government
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44 Introduction to the CO-59 New Equipment Old Books, Maps, Records, Video Exceptional Items Furnishings and Equipment Livestock Aircraft & Equipment Cars, Trucks, Buses, Motorcycles Boats Railroad Stock
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45 Introduction to the CO-59 New Materials and Goods in Process Stores and Supplies Old Materials and Goods in Process Stores and Supplies
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46 Introduction to the CO-59 New Categories CONST – Construction in Progress LEQUI – Leased Equipment (Capitalized) SOFT – Software Owned by the State (Capitalized) INFRA – Infrastructure Real Property GAAP Personal Property Other
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47 Introduction to the CO-59 Queries – Additions and Deletions CT_CORE_FIN_AM_COST_NEG CT_CORE_FIN_AM_COST_POS CT_CORE_FIN_AM_DEPR_NEG CT_CORE_FIN_AM_DEPR_POS CT_CORE_FIN_IN_CO_59_RCV CT_CORE_FIN_IN_CO_59_DEP Asset Module Users Reserved for OSC Inventory Module Users
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48 Resources State Accounting Manual Commitments Section 3.4 Special Instructions for Leases and Contracts 5.4 Definitions and Guidelines for Capital Lease Determinations State Property Control Manual Preface Chapter 3: Fixed Assets/Property Inventory Report Chapter 7: Software Inventory Control Policy and Procedures
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49 Fiscal Year End Activities 1.Record InterUnit Transfers 2.Record Retirements 3.Clear Pending Transactions
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50 Fiscal Year End Activities Record InterUnit Transfers Core-CT: Asset Management > Financial Transactions > Cost Adjust/Transfer Asset WLA: Core-CT Asset Management > Adjusting, Transferring, Retiring, and Reinstating Assets > Data Entry Procedures > Adjusting and Transferring Assets WLA: Core-CT Asset Management > Job Aids > Job Aid Procedures > Different Adjustment Types Role: CTAGYFINASSETPROCESSOR
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51 Fiscal Year End Activities
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52 Fiscal Year End Activities
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53 Fiscal Year End Activities Record Retirements Core-CT: Asset Management > Financial Transactions > Retire/Reinstate Asset WLA: Core-CT Asset Management > Adjusting, Transferring, Retiring, and Reinstating Assets > Data Entry Procedures > Retiring/Reinstating Assets Role: CTAGYASSETPROCESSOR
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54 Fiscal Year End Activities
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55 Fiscal Year End Activities Clean Pending Transactions Core-CT: Asset Management > Send/Receive Information > Approve Physical Information > Review-A WLA: Core-CT Asset Management > Integrating With Other Applications > View Procedures > Loading Preview - Physical Transactions A Role: CTAGYASSETPROCESSOR
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56 Fiscal Year End Activities
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57 Conclusion Thank You for your participation today. We hope this information proved helpful… Look for this presentation and meeting Q & A’s on the Core-CT Website www.core-ct.state.ct.us/www.core-ct.state.ct.us/ PO/AP/AM User Group Meeting March 2006 9am-noon (w/p.m. discussion) 101 East River Drive, Room 1002 A&B AR/BI/GL User Group Meeting March 2006 9am-noon (w/p.m. discussion) 101 East River Drive, Room 1002 A&B *** (don’t forget to sign up)
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