Specialty Accounting Division
Capital Improvements and Fixed Assets Section
The Capital Improvements and Fixed Assets Section is a group within the Comptroller’s Office that is responsible for the accounting related to all capital assets constructed, purchased, or contributed to the City of San Diego including, but not limited to, Streets & Roads, Water & Sewer Infrastructure, Parks, and Public Safety Facilities. The Capital Improvements and Fixed Assets Section also creates and maintains all Fixed Asset records within the City’s Economic Resource Planning software, SAP.
Capital Projects and Special Revenue Funds
Capital Projects Funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for the acquisition or construction of major capital facilities. Special Revenue Funds, such as the Special Gas Tax Street Improvement Fund and the Street Division Operations Fund, are used to account for the proceeds of specific revenue sources (other than those for debt service or major capital projects) that are restricted or committed to expenditures for specified purposes.
Capital Improvements and Fixed Assets Section Activities
- Responsible for the accounting and financial reporting of over 300 Capital Projects and Special Revenue Funds including TransNet, Facility Benefit Assessments (FBA), Undergrounding Utilities, and Gas Tax.
- Preparation and/or review of several annual reports to outside agencies including the Streets Report and Assembly Bill 1600 Report (AB1600).
- Business Process Coordinators for both the Project Systems and Fixed Asset Modules of SAP.
- Period-end Work Breakdown Structure (WBS) and Internal Order (IO) settlement.
- Preparation of the Capital Asset footnote in the City of San Diego’s Comprehensive Annual Financial Report (CAFR).