Efficient Asset Management Strategies for FYE 22 Transition Planning
Learn essential recommendations to maintain accurate assets in FAS during the transition to Luma at FYE 22. Regularly review the FAS Hold File, process new assets, and dispose of unused items for a smooth conversion. Collaboration is key for successful asset management.
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Fiscal Year End 22 Planning - October Pam Menjivar pmenjivar@sco.Idaho.gov 208-332-8798 Carolyn Miller cmiller@sco.Idaho.gov 208-332-8795
As we begin planning for our transition into Luma at FYE 22, it is important that you make sure that your current assets are correct in FAS. The following slide provides recommendations to keeping your Hold File current
FAS Hold File Review your FAS Hold File regularly (Screen 32) Make sure that all new assets are processed and posted each month. Delete any items that do not need to be posted Review the Property Maint / Inquiry file to make sure all assets are still owned and in use (Screen 40) Run DAFR 4550 or 4560 Active Property by AGY and review regularly Process disposals for any assets no longer being used at your agency.
Lets Work Together Only active assets in FAS will move to Luma It would be more efficient to ensure that FAS is correct before the move We will notify agencies of the conversion date once it has been determined.
