| Fixed Assets are generally any items of equipment for which the cost is over $600, or any items of electrical equipment for which the cost is over $300. For State reporting and reimbursement purposes, any equipment valued at $300 or more is considered a fixed asset.
Departmental Master Equipment List is a current summary of all the equipment under the control of DMH. It will be itemized by equipment description, equipment number or serial number, purchase order number, check sheet number, source document, fund/organization account, location cost code cost/value and date of purchase.
Biennial Inventory of all Fixed Assets is directed by the Auditor-Controller and will be conducted every odd-numbered year, i.e.; 1989, 1991, 1993, etc.
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| The DMH is responsible for safeguarding, assigning, and maintaining all fixed asset equipment purchased by and/or assigned to the Department. The primary responsibility for fixed asset control and maintenance resides with the Administrative Support Bureau (ASB), Inventory Control Unit. This unit will maintain a current Departmental Master Equipment List and perform biennial inventories of all fixed assets in compliance with the County of Los Angeles Auditor-Controller Fiscal Manual, Section 6.1.0.
The ASB, Inventory Control Unit, will coordinate assignment of a Facility Division Equipment Control Liaison at each facility/division (County and Contract providers) to act as the locally responsible individual for fixed assets assigned to that unit. These individuals will be responsible to notify the ASB, Inventory Control Unit, promptly of any changes in fixed asset status. The Equipment Control Liaison should not be routinely involved in equipment purchasing or receiving functions.
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