1. Schedule Q – Construction in Progress
FY 2018 YEAR-END TRAINING
Schedule Q – Construction in Progress
Auditor-Controller’s Office
Presented By: Echel Ybanez
2018 Year End Training – Chapter 10

2. Schedule Q Construction in Progress
Construction In Progress (CIP) is a major class of capital assets, which is used to track costs incurred to construct or develop a tangible or intangible capital asset before it is substantially ready to be placed into service.
Schedule Q is used for capital assets that are still under construction and/or that have been completed as of June 30.
There is no depreciation expense for CIP.
2018 Year End Training – Chapter 10

3. Schedule Q - Construction in Progress3
2018 Year End Training – Chapter 10

4. Schedule Q Construction in Progress
Scenario
The “Jane Doe Fire Station” CIP project was completed this fiscal year with a cost to date in PS Asset Mgt. of $3,284, and cost adj. of $1,290, and actual project cost of $4,575,000.
2018 Year End Training – Chapter 10

5. Schedule Q Construction in Progress
2018 Year End Training – Chapter 10

6. Schedule Q Construction in Progress
Cost to date in PS Asset Management Location
2018 Year End Training – Chapter 10

7. Schedule Q Construction in Progress
Cost to date in PS Asset Management Location
2018 Year End Training – Chapter 10

8. Schedule Q Construction in Progress
Cost to date in PS Asset Management Location
2018 Year End Training – Chapter 10

9. Schedule Q - Construction in Progress Supporting Document
2018 Year End Training – Chapter 10 9

10. Schedule Q - Construction in Progress Supporting Document10
2018 Year End Training – Chapter 10

11. Schedule Q Construction in Progress
Mail Schedule Q and supporting documents to:
ACO Year-End
Mail Stop #1050
2018 Year End Training – Chapter 10

12. Schedule Q Construction in Progress
Schedule Q Excel Version To:
2018 Year End Training – Chapter 10