Document aids property management
- By Paula Shaki Trimble
- Apr 10, 2000
A draft document from the Joint Financial Management Improvement Program
may help guide agencies assessing property management systems or looking
to acquire new ones.
JFMIP's Property Management Systems Requirements defines governmentwide
standards for systems that capture or generate information on an agency's
property assets. The document covers three types of property:
* Capitalized property, which includes land, museum collections, major
computer systems or any other asset that agencies spread the cost over its
* Expensed property, which includes small-ticket items such as typewriters
or handheld weapons that could be stolen.
* Donated property.
Tracking information about property will help agencies with their strategic
planning. The JFMIP document provides the baseline functionality that property
management systems must have in order to support agency missions and comply
with laws and regulations.
To obtain a copy of the draft document, click here.
Comments are due to JFMIP by May 31.