asset management for government

Asset Management for Government Entities

When it comes to asset management for government entities, we have extensive experience. Better data means better outcomes for your public entity, and we’re here to get you exactly that.    According to GFOA (Government Finance…
building depreciation components

Best Practices for Optimizing Depreciation Through Building Componentization

Building componentization is the segregation of building “parts” into components that roll up into Building Shell, Building Services, and Building Fixed Equipment.  What you need to know about building components:  Component costs…
capitalization issues

Common Capitalization Issues with Buildings, Building Improvements, and Infrastructure

Acquisitions are not always black and white, and it can be tough to determine when to capitalize and how much to capitalize. However, the asset classes in which we most commonly encounter capitalization issues are buildings, building improvements,…
fixed asset inventory

Centralized, Decentralized, and Outsourced Fixed Asset Inventory – How to Tell Which is Right for Your Organization

The periodic fixed asset inventory process can be one of the hardest requirements to complete for an organization. As resources become increasingly more limited, it is critical to understand the inherent benefits and challenges of each so you…
insurance coverage challenges

Insurance Coverage Challenges for Water and Wastewater Utilities

“Property insurance coverage for water and wastewater utilities can present many challenges – for insurer and insured, alike. Accurate coverage begins with proper recording and valuation of the underlying exposures; however, property typically…
threshold for property to be appraised

Selecting an Appropriate Threshold for Property to be Appraised

When implementing a property appraisal program, you likely feel like you have a lot on your plate. We’re here to ensure you stay on track. One of the most critical decisions you’ll face is selecting an appropriate threshold for property…
RFID

RFID VS Traditional Methods

RFID (Radio Frequency Identification) technology is revolutionizing the way assets are tracked and located. If you’re still using traditional methods such as barcode scanning, now is the time to understand the difference that RFID can make…
capitalize acquisitions

Questions to Ask When Determining Whether or Not to Capitalize Acquisitions

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The concept behind capitalization is to spread out the expense of the benefit throughout the duration the benefit is received. The useful life represents the anticipated duration of the benefit the acquisition will provide. However, it’s not…
GASB

What You Need to Know About Being GASB 34/35 Compliant

Audits can be overwhelming, stressful, and expensive. We make it easier by ensuring you have GASB 34/35-compliant, accurate asset data.  What is GASB 34/35 The General Accounting Standards Board (GASB) Statement 34 provides the framework…
asset inventory system

Benefits of Using a Fixed Asset Inventory System

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Fixed asset accounting is often a daunting task. At HCA Asset Management, we have assembled a team of asset accounting experts to create the most user-friendly and flexible asset inventory system available.  Meet HITS (HCA Inventory Tracking…