American Appraisal is a long-standing leader in fixed asset management services for public-sector clients.
When was the last time a physical inventory was conducted of your firm’s fixed assets? How often are your fixed asset records reconciled to the general ledger? Have you ever received any negative comments relating to fixed assets from either external or internal auditors? Have bar code tags been affixed to your fixed assets? Do you have the appropriate policies and procedures in place to accurately track the life cycle of a fixed asset?
While fixed asset management will assist you in meeting external/internal audit and GASB 34 requirements, it can also be extremely beneficial in meeting your capital budgeting, financial and risk management reporting requirements.
Our inventory services have evolved over thousands of engagements. We are recognized for establishing our profession's best practices in fixed asset inventory and reconciliation. Today, we employ one of the largest teams of fixed asset Consultants in the world.
Our full-time, dedicated Consultants possess deep expertise in the public sector. We have built business cases, addressed regulatory issues, analyzed infrastructure and gained a full appreciation for the complexity of issues within your sector.
Each year, we provide fixed asset management services for state governments, counties, cities and municipalities, public utilities, public school districts, airports, governmental entity risk pools and waste and wastewater districts, including:
Broward County, Florida
California Joint Powers Risk Management Authority
Chicago Housing Authority
City of Atlanta
City of Austin
City of San Antonio
County of Monterey, California
Los Angeles Community College District
Milwaukee Metropolitan Sewerage District
New Mexico Public Schools Insurance Authority
Orleans Parish School Board
San Diego Unified School District
State of Colorado
State of Montana
State of Wisconsin
U.S. Coast Guard
American Appraisal offers a full range of fixed asset management services in addition to outsourcing solutions. Call on us to help you achieve your goals:
Our asset inventory & reconciliation service provides a wall-to-wall inventory of all fixed assets to ensure they are properly captured on your accounting records and assistance in identification of those assets which are no longer on hand (ghost assets), as well as historical value of assets for use in financial statements. We can affix bar code tags to each asset to facilitate tracking and to simplify subsequent inventory verification.
Assist with identification and valuation of surplus assets
Where changes lead to a consolidation of operations, a physical inventory to identify and value surplus property can help organizations facilitate transfers to other divisions/departments.
During an infrastructure valuation, our Consultants ensure that none of your assets are overlooked. We value items such as wastewater systems, sidewalks and curbs and prepare a report projecting their historical cost and/or cost of replacement.
We compare your current fixed asset management system with both best practices and compliance with GASB 34/35, CFO Act, OMB Circular A-123 and FASAB, Executive Order 13327. Our reports are SOC 1 compliant and have withstood scrutiny of all cognizant agencies and internal/external audit review.
Evaluate or manage your electronic fixed asset accounting system
American Appraisal provides verification, compilation and annual updating services that are designed to assist our Clients in the maintenance of complete and accurate fixed asset records for both accounting and insurance purposes. You can also outsource this entire function to American Appraisal. We have the ability to seamlessly migrate records from your current system to our SOC 1 compliant e-PRAIS® system and offer periodic updating services. We can also provide analysis for your existing fixed asset records, policies and procedures.
Analyze building construction and renovation project costs
American Appraisal has completed cost segregation studies to assist public organizations in properly classifying building construction and project renovation costs and the related depreciation on a component-by-component basis. We possess the engineering, construction, valuation and regulatory backgrounds to maximize potential benefits.
Meeting your insurance valuation needs
We inspect facilities in order to calculate insurable values for the placement of property insurance coverage, to improve risk management and to provide a basis for the preparation of a proof of loss.