ࡱ> 685M  bjbj== WWWKlDhhhh|B ho o o  $ H o o o o o 1 o o o o  o o o Ro d6  (Qiho  0B o  o New Jersey Department of Community Affairs Division of Local Government Services LOCAL FINANCE NOTICE CHRISTINE TODD WHITMAN JANE M. KENNY GOVERNOR COMMISSIONER BETH GATES DIRECTOR REVISION TO TECHNICAL ACCOUNTING DIRECTIVE NO. 85-2 THRESHOLD FOR NONEXPENDABLE, TANGIBLE PERSONAL PROPERTY The threshold for "nonexpendable, tangible personal property," as defined in Technical Accounting Directive Number 85-2, "Accounting for Governmental Fixed Assets," has been revised from $1,000 to $5,000 for both municipalities and counties. This change takes effect ,January 1, 1997. This brings our threshold to that established by the federal government. A local unit may establish a capitalization level other than the revised threshold, provided it does not exceed $5,000 per unit, regardless of whether or not such assets were acquired with federal funds. Nonexpendable, tangible personal property is to have a useful life of at least five years at least one year. Federal OMB Circular No. A-87 Cost Principles for State, Local and Indian Tribal Governments has defined equipment and other capital expenditures for the purpose of grant reporting and reimbursement. If a local unit's capitalization policy differs from federal guidelines, it may be necessary to maintain separate records (worksheets, ledgers, etc.) for a particular grant(s). Chief Financial Officers are asked to share this Notice with the Chief Administrative Officer, risk managers, and any other appropriate local officials. If you have any questions regarding this matter, please call the Bureau of Financial Regulation and Assistance at (609) 292-4806.  Beth Gates, Director Division of Local Government Services Distribution: Municipal and County Chief Financial Officers Registered Municipal Accountants Note: Change above in strikeout and italic made after publication of original Notice. Director's Office Local Government Financial Regulation (609) 292-6613 Research and Assistance (609) 292-6110 (609) 292-4806 Local Finance Board (609) 292-4537 Local Management Authority Regulation Fax Services (609) 984-0133 (609) 984-7388 (609) 292-7842 CFO-96-13 10/30/96 101 South Broad Street CN 803 Trenton, New Jersey Tij(*56'D E ` a b Ƹƨƍzskszsgegsz`sz`s[ jUOJQJ76]@H*OJQJ @OJQJ@CJOJQJ5@OJQJ\@CJOJQJaJ6@CJOJQJ]^JaJ6@ CJOJQJ]^JaJ5@*CJOJQJ\aJ5@CJOJQJ\aJ'5@B*CJ.OJQJRHh\aJ.phCJOJQJ^JaJjCJUmHnHu#Tij()*D E ` 8`]8^` 8`]8^` X`]X^`H$$4a$d  $^  d$wd-DM ]^wa$$a$W ` b w S T ! W a b ^ P\ ` x4$a$ ^  d^ 0]^0`^`H$^b   S T U * 8 G W a b k l ǼǼǼǼCJaJ OJQJ^J5OJQJ\^JCJOJQJaJ@CJOJQJaJ5@CJOJQJ\aJjCJUmHnHu 6>*]6]OJQJ@CJOJQJ @OJQJ b k l P\ `1$ 4 hH^h#0P/ =!, " #I$%< 00P/ =!p " #I$% P0& 00P/ =!"#I$%F 00P/ =!"c#I$% P0 :Dd ]f  c BAcfo-96-13_Pic3b@+QƂV\D{nT@+QƂVPNG  IHDRT?oD tEXtSoftwarenoned{xX pHYsgRIDATx\_Li/K̽>ޙJQ!TZ`e.]X/ lU%T$$U{gT3ȝ瓙;}9s9=g|v}vΚ5E&/{=õ?}^j&)FɄ?4<Ñaajf")(Rp=00Yɲ)!eo[caNWn-J jAYϟ8VIeQQRQ9vvc섍};yL}HE#5Ѳldu>6&J2o\؂ cj0D\ P",K@XԞTʇĴ7*IdiO vڽQU}fݠ5!yd}<{Lum"}\Yab-S]%D21qwT:e8 IadjMJ}>cU&6eK3v _8dAJFԚDA:L%>-ooV-],g{W)ԹD*G}*^+ 2%{pXv(Ū^^HDx_WhP4yЕ}%,$u暸wl kO6hEם JH(QA񅳝>x)61:ճλZ"8L$ KuU5rw%C%wDLi%6(?Q@_d {)ԟ##u? 30̱G= 58EicsHu7j?Asm>Ҷ//LA_m]we#M|F!~A) <򿏼d5"\WE'yI"7QSM]dw03|ъ&੧>+5X.>S[M6JYE 'Uȱcއ)<rA~gaFڞ<GDLmJ;91#R.MNơ[] HZ]o2DY>x+A6T rJAþ< EbBԽ Ď6PlK/{45,NlM!\Эka~Pa7'd!!h򰩼?8؟ "ț 8}8xhVDCV ~/6! 柎q=sAbrq{/R_z\xy-=0y-(ϥ,ҭsP[!QC^6E.J%Kφřjl<SU7FvO3Pa Fp6Ut> Zň>}-D ?\?SL}i@-Gɴ es,a#y1ʾ/V`(l  y jުT^(l:c蟆cw W)VzWdޔ1>ku읉m9]UgfXv i%lf*3:كcQpZ*L?*K^ PlO@pSRm*_&>r]Gì[hdYd.ޚHД?3Wx"7V͓3f+ pkqVeRөb~gl< zQ!dz?h3,t\"Hu=B,U{kȩV%v<O0#oyk/e=ٻ}d`FD-L\^CX="ZP e!U^{?2_!)k Xqێm&d}rCd,#RmcBh@da 1x\ ˨ʲ_g)~* TSERĦĘʇz\bEPc^Rm**VlR,|bRro:l* j̓4d}*ѰPy|>dʀ59dBU>)w].J`z 574#/R9 5|6 t:At_p߼$nTDs6`d 3`=?5\M͜atx\~(Nm)kHkV TGXqÊpz64x{gȱ!wC!c,1\K@ˀc{JU8%9`WeDI#QPa \dzFBZ60 9i{Rv;ʢ" 6㘢b谡 ":[o6ov_,p29E _Yp$t6êgpH7Aa55OGǎDx@M*nWV]\@_ =P̟$z&i&4qg 1G&OZh|{Gԛ }]Y~*HdP9@g/*w񒟫NTfG(1TO9FxHޭaM+R7~Gd[GT ٴmjG-?sO{Mn@m5p3|i[=hK\/L]k}RNXbN A:'w!0/3OYV1tL97 FXׇ:_S2_)IlOӓ={Lՠ>iaLcuy=h͋s}uyK>kѣ'O=x՛7_vuuzgۚ[65?zwSSC݆;w64ilo&LCa{wﷶ?xt[5o57߼R{Fō+nTUTVVܸQU[[QqGNWW\YSqVݭK7kk+r鵲Wzڵe׫ߨ^Y]{څΝ/tr7J\/q˥.U_.:Wt_JuLqqE+*tg.:tdǏ9}ӇO8zȱcϟ8rsp8p`_wp+!5bB -rIń #HeڌFKtbZmIDǙъ5j6Q[~"3A X#"ChFd6[cRҦOI