Procedures Flashcards
What is the purpose of the Physical Asset Management document?
This document provides procedures for managing the Department’s physical assets.
What are some corresponding policies related to Physical Asset Management?
Policies include: Physical Asset Management, Use of Department-Owned and Personal Property, Use of Personal Communication Devices, Use of Department-Owned Vehicles, and Non-Official Use of Department Property.
Who should establish an inventory-control system for physical assets?
The Fire Chief or the authorized designee should establish an accurate inventory-control and record-keeping system.
How can asset counts be managed when developing a new inventory control system?
Asset counts can be divided into smaller tasks and spread out over time.
What approach may be used to determine which capital assets to count first?
A risk-based approach may be used to prioritize asset counts based on the risk of loss.
What should be done upon acquisition of a new physical asset?
An inventory record should be created and the appropriate information documented before placing the asset into operation.
How often should an inventory review of physical assets be conducted?
An inventory review should be conducted at least annually.
What is the purpose of the inventory review?
The purpose is to maintain an accurate and complete record of department physical assets.
Who supervises the initial inventory and inventory reviews?
Both should be supervised by a person designated by the Fire Chief or the authorized designee.
How should the disposal of physical assets be recorded?
Members responsible for recording the disposal should use the inventory-control and record-keeping system.
What should members do if they experience loss, damage, or destruction of physical assets?
They should report it to their commanding officer, the Fire Chief, the appropriate committee chairperson, or the authorized designee.
How should surplus or obsolete assets be handled?
They should be identified and classified as surplus or obsolete and stored or disposed of by the Fire Chief or the authorized designee.
What is mentioned about corresponding procedures?
Corresponding procedures include Purchasing and Procurement.
What laws relate to Purchase Orders?
Title 62 – Purchase order Law Sec.310.1-310.9
Is a Purchase Requisition required?
It is up to the department if they require Purchase Requisitions.
What are the steps in the Purchase Order flow?
(a) Requisition
(b) Vendor/items/amounts/dept/price – if required by dept
(c) Request for Purchase (Dept level)
(d) Encumbering Clerk creates PO with detailed information & remarks
(e) Purchasing Officer/Agent approval
(f) Order of goods or service is placed
(g) Order is received, checked (against P.O & receiving device) & receiving advice or invoice is signed
(h) Submit PO, Invoice & Delivery ticket for payment
(i) Check is mailed
When must Purchase Orders be created?
Purchase Orders must be created at the time of commitment. This is the law for government purchases & management policy for public trust.
What should be done if the exact amount is not known at the time of Purchase Order creation?
An estimated amount may be used & the encumbrance made.
What must be included in the line description of a Purchase Order?
Item description must be put in the line description. If the purchase or purpose cannot be determined, remarks are required.
What is the Encumbrance clause?
I hereby certify that the amount of this encumbrance has been entered against the designated appropriation accounts and that this encumbrance is within the authorized balance of said appropriation. Legal level is Department.
Who must sign a Purchase Order for it to be valid?
The Encumbering Clerk and the Purchasing Agent/Officer. If the invoice received is more than 10% over the original Purchase Order amount, a second signature is required by the Purchasing Agent/Officer.
What happens after satisfactory delivery of merchandise?
The supplier shall deliver an invoice. An invoice is required for a Purchase Order to be processed for payment.
What are the requirements for an invoice?
Invoices shall state:
- Supplier’s name and address
- Must be sufficiently itemized to clearly describe each item purchased, its unit price, where applicable, the number or volume of each item purchased
- Total item price
- Total of the invoice purchase & date of the purchase
What must an employee do upon receiving an order?
The employee receiving satisfactory delivery of merchandise shall acknowledge such fact by signing the invoice or delivery ticket. NO Purchase Order shall be approved for payment unless the required signed invoice and the delivery ticket are attached.