>> Publications

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Table of Contents

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Capital Assets

Capital Asset Categories
Library Books & Reference Materials

A library book is generally defined as a literary composition bound into a separate volume and identifiable as a separate copyrighted unit. Library reference materials are information sources other than books that provide information essential to learning or enhance the quality of academic, professional or research libraries.

Examples include:

A library may be reported on a composite basis. Additions to a library are reported as a separate component (layer) in SPA. Deletions are made using the FIFO method.

For more information on capitalization thresholds, see SPA Process User’s Guide – Appendix A – Class Codes.