Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Capital Assets

Controlled Assets

Controlled assets are assets identified by the Comptroller’s office that are below the state’s capitalization threshold but are considered high risk or sensitive in nature. Controlled assets are state property identified by the Comptroller’s office that must be secured and tracked in the SPA system. A controlled asset’s value is below the capitalization threshold and is not depreciated or reported in the Capital Assets section of the agency’s annual financial report (AFR).

Agencies that secure and track controlled assets must report those assets in SPA using reporting rules promulgated by the Comptroller’s office. In addition to the controlled assets identified by the Comptroller’s office, an agency may secure and track assets it considers to be high risk or for management purposes. For a list of current controlled assets and the capitalization threshold, see Appendix A   Class Codes in the SPA Process User’s Guide.

For more information, email spa@cpa.texas.gov.