[CAFR-Contacts-News] FW: Information Request - Estimate of the number of leases at your agency

[HAMILTON Robert W * DAS]

Hello CAFR Contacts,

If you haven't yet sent a response in to Barb Watson (Barbara.Watson at Oregon.gov<mailto:Barbara.Watson at Oregon.gov>) related to this information request, please do so, as it is very important to the implementation effort.

If possible, we'd like a response by the end of the day today.  If that's not feasible, please let me know when you could have the information to us.

Please note this request applies only to state agencies, not public universities or other discretely presented component units.

Thanks very much.

Rob

From: HAMILTON Robert W * DAS
Sent: Friday, March 08, 2019 2:27 PM
To: cafr-contacts-news at listsmart.osl.state.or.us
Cc: WATSON Barbara * DAS <Barbara.WATSON at oregon.gov>; ENGELSON Alyssa * DAS (Alyssa.ENGELSON at oregon.gov) <Alyssa.ENGELSON at oregon.gov>; CHASE Stacey A * DAS <Stacey.A.CHASE at oregon.gov>
Subject: Information Request - Estimate of the number of leases at your agency

Hello CAFR Contacts,

SARS and the implementation team has been hard at work on the implementation of GASB Statement No. 87 Leases. As part of that effort, we're requesting an estimate (even a rough estimate would suffice at this point) of the number of leases your agency has, by type of asset being leased, as a way to ensure that the chart of accounts will be complete, and to get an idea of how many leases we have statewide.  As a result, it crucial that we receive a response from each agency.

We'd like to know this from two different perspectives: when the state agency is the lessee and when the state agency is the lessor.  The attached Excel workbooks contains a separate tab for each.

It's important to note that the following types of leases should be excluded from your response:

*         Leases with another state agency;

*         Leases for computer software or other intangible assets;

*         Leases of biological assets, such as timber, living plants, and living animals; and

*         Leases of inventory.

For reference, I've attached both GASB 87 and the exposure draft of the implementation guide, which operates as a Q&A on the standard.  As an exposure draft, the implementation guide is subject to change, but I expect the final version to be very similar, if not identical.

We would appreciate a response by close of business on Friday, March 29.

Please send your response to Barb Watson (Barbara.Watson at Oregon.gov<mailto:Barbara.Watson at Oregon.gov>).

If you have any questions, please reach out to Barb.

Thanks very much.

Rob

Robert W. Hamilton, CPA
Statewide Accounting and Reporting Services Manager
Chief Financial Office
Department of Administrative Services
Phone:  (503) 373-0299
http://www.oregon.gov/DAS/financial/acctng

Data Classification: Level 1 - Published

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