Fixed Asset Management Program

Fixed Asset Management Program (FAMP) provides a user friendly alternative to accurately identify,locate and track fixed assets.  RCI enjoys a leadership position by consistently offering accurate on-site processes that utilize hierarchical barcode technologies. It is our goal to distinguish our firm in the market place by providing a complete turn-key inventory management system with “unrivaled customer support”. FAMP assists school districts and local governments with the capital asset reporting and depreciation requirements that comply with GASB Statement 34/35.  RCI provides on-going system support, historical cost research, annual re-inventory, general ledger reconciliations and replacement cost research.

                 The RCI Fixed Asset Management Program (FAMP) supports:
                 • Generally Accepted Accounting Principles (GAAP), including GASB 34/35.
                 • Insurance Valuation Reports.
                 • Government Accounting, Auditing and Financial Reporting (GAAFR).
                 • Asset Stewardship from Fund Encumbrance through Final Disposition.

                 Financial reporting requirements:
                 • Provides and maintains accurate baseline fixed asset inventory.
                 • Identifies requested assets, records its description, location (room and/or floor), quantity, manufacturer / model or serial
                    number as applicable.
                 • Stewardship responsibilities are made easier by use of bar code technology.
                 • Historical cost (replacement to actual or estimated) research is available in support of GASB 34/35 or other requirements.

 
                RCI Asset-Link Software :
                 • RCI believes that each client should be able to manage their database by adding and deleting data related to its assets and
                    not have to rely on their service provider.
                 • The RCI Asset Link Software Program is an integral part of the overall project and is included with each FAMP job.    
                 • RCI Asset Link Software is designed to depreciate the value of your assets using the straight-line method. It will depreciate
                    each Item based on the purchase date, salvage value, and cost.
                 • Provides the flexibility to sort and separate assets by areas of responsibility.

SPECIAL SCHOOL PROMOTION: RCI will provide building replace appraisals for your campus at $50.00 per building. This is a desk top analysis that provides a bottom line value for each building. This offering is available until December 31, 2009.