Long-Term Debt Capital Leases Presented by James D. Moore April 21, 2005.

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Presentation transcript:

Long-Term Debt Capital Leases Presented by James D. Moore April 21, 2005

Objectives  Review departmental year-end responsibilities for capital leases.  Provide a checklist for convenient reference.  Provide a useful tool for analyzing current year lease activity. Departments with County Debt Obligations & Capital Leases

Departmental Year-end Responsibilities 1. Maintain pertinent supporting documentation. 2. Update amortization (Excel worksheets) to reflect adjustments, deletions or additions. 3. Submit to the Auditor-Controller’s Office by May 17, Submit appropriate documentation with schedule Q at fiscal year-end, June 30, Capital Lease Obligations

Checklist for your reference...  Use the query to obtain principal and interest payments. You can create your query from the sample attached.  Reconcile the query to your Excel departmental amortization worksheet.  Compare and adjust as needed. If your Excel report (worksheet) does not equal the query, correct the amortization as needed.  query results and Excel lease amortization schedule to me by May 17, Capital Lease Obligations

The Tool (PeopleSoft Query) County Capital Lease Obligations

The Tool (PeopleSoft Query) Con’t… County Capital Lease Obligations For principal, use range # For interest paid, use expense range # Select your dept. here (see next slide) Use in- tree option.

The Tool (PeopleSoft Query) Con’t… County Capital Lease Obligations

The Tool (PeopleSoft Query) Con’t… County Capital Lease Obligations

Contact Information  James D. Moore (951)  Greg Nainani (951) County Capital Lease Obligations