Investment-in-Plant政策

董事会批准：1992年6月6日，1992年6月30日生效

Revised: May 12, 2000 to be effective July 1, 1999
Revised: February 22, 2001 to be effective July 1, 2000

OBJECTIVE: To define and establish classes and valuation methods for “Investment in Plant” for financial statement purposes in accordance with generally accepted accounting principles; 解决按类别对资产进行实际控制和适当的附属记录的方法。

政策:

All long lived assets of significant measurable value will be capitalized in the St. Mary’s College of Maryland financial statements as “Investment in Plant.” 资产将按原价计价，原价是给予或收到的对价，包括购买价格、资本化利息和将该物品放置在其预定位置和使用条件所需的辅助费用。捐赠的资本性资产应按收购日估计的公平市场价值加上附属费用入账。所建立的控制措施应适合于资产类别、价值和对挪用的敏感性，并具有成本效益。

1土地

1.1 土地 is any land or real estate titled to or designated in any manner confirming ownership by the State of Maryland for St. Mary’s College of Maryland. 融资和其他费用将包括在资本化金额中。 The Comptroller’s office will establish and maintain records of land owned by the College and the value assigned. 出售任何部分将导致工厂投资的减少？与帐面上的成本相适应的土地类别，以合理的方式分配给出售的地块。

1.2 土地的改进: Costs of $50,000 or more of such items as landscaping, grading, septic systems, parking areas, retaining walls, recreational areas, fences, paths, outdoor yard lighting and other improvements which materially increase the land value or life are considered to be land improvements and will be capitalized at full acquisition cost. For financial statement purposes, these amounts will be included in the “土地” component of Investment in Plant.

1.3 基础设施: Assets, with a cost of $50,000 or more, which are part of a network of assets that can have service potential for an extended period and that are normally stationary, to include drainage facilities, electrical and telecommunication systems, ductbanks, roads, sidewalks, street lighting, bridges, fire hydrants, sea walls, docks, and water and sewer systems, will be capitalized at full acquisition cost. For financial statement purposes, these amounts will be reported separately as “Infrastructure” under the Investment in Plant component.

1.4 土地的维护: Mowing, fertilizing of established plantings, repairing sidewalks or streets, and other similar activities are considered routine maintenance. 有关支出将不为财务报表的目的而资本化。

2建筑

2.1 建筑: Includes all permanent structures and buildings with cost of $50,000 or more, owned by St. Mary’s College used for operating purposes. New buildings’ capitalizable costs include architecture, engineering, construction, inspection, financing, and other fees. 将建立并保持详细记录，记录建筑物名称、用途、面积、购置或施工日期、承包商和施工成本等信息。 The value of all fixtures, machinery and other equipment which is permanently affixed to buildings and can not be moved without damaging the buildings (exceeding $1,000 each) is included in the “Building” component of Investment in Plant.

2.2 建筑的改进: Costs of $50,000 or more of significant additions, alterations, renovations or structural changes to the existing facility or structure which materially increase its value or useful life will be considered building improvements. 这些费用将通过增加附属记录中有关建筑物的价值来资本化。

2.3 建筑维护: The costs of repairing or painting the interior or exterior of existing buildings is considered routine building maintenance and will not be capitalized in the College’s financial statements. Replacement of major building components, such as roofs, flooring materials or windows, with similar materials which do not increase the structure’s value or useful life is included in the maintenance category; 这样的成本是不能资本化的。

2.4 出租不动产： Leased property is capitalized if the total cost of the property exceeds $50,000 and it meets the criteria outlined in FASB Standard No. 13, subject to the provision of other authoritative accounting guidance. The leased property will be valued based upon current generally accepted accounting principles and will be recorded under the “土地” in the Investment in Plant component section of the financial statement.

3设备

3.1 设备拥有: Including motor vehicles, equipment represents items, or a group of items, which are not permanently affixed in, to, or on buildings having a useful life of two or more years and an acquisition cost of $ 2,500 or more will be capitalized. 设备的价值将包括发票价格，减去折扣，加上任何运费或安装费用，如果确定的话。预计在使用中消耗或花费的供应品或货物不包括在内。

3.1.1 Equipment which meets the minimum capitalization threshold will be tagged with a unique number identifying the piece as owned by St. Mary’s College. 学院将保存这些带标签设备的计算机记录，并每年对其进行实物核查。

3.1.2对于不符合资本化要求，但对个人使用特别敏感的设备，如计算机设备，各部门将根据需要进行标记和识别。图书馆和技术资源将负责跟踪和说明电脑的购置、转让和处置。一份季度报告将提交给商务办公室，显示当前的活动和手头计算机的总数。但是，学院不会在支持财务报表数字的设备数据库中保存这类项目的记录。购置这类设备的规划将涉及逐项编制预算。

3.2 租赁设备: Equipment acquired under a capital lease will be reported as a separate component of Investment in Plant in a footnote disclosure to the financial statements if the total cost exceeds $ 2,500 and it meets the criteria outlined in FASB No. 13, subject to the provisions of other authoritative accounting guidance. 估价将按照现行公认会计原则的要求进行。租用的设备将贴上标签，输入计算机设备数据库，并每年进行核查。

3.3 图书馆书刊： All acquisitions of books and periodicals for the College library will be capitalized at direct acquisition cost, including shipping. The total value expended during a fiscal year will be assigned a tag number and added to the College’s equipment database. 图书馆制定的核查程序将用于核实是否有书籍和期刊支持所登记的财务报表数字。图书馆的书籍和期刊将在财务报表的脚注披露中作为工厂投资的一个单独组成部分加以报告。

3.4 美术: Collections, historical treasures and works of fine art will be capitalized by the College at their cost or fair market value at the date of donation (estimated if necessary). Donations will be received by the St. Mary’s College of Maryland Foundation on behalf of the College. Procedures internal to the Art Gallery and approved by the College’s senior administrators will be used to provide the appropriate degree of internal control over the collection. These capital assets will be reported under “Capitalized Collections” in the Investment in Plant component unit of the financial statements.

3.5 计算机软件: Computer software will be capitalized in accordance with generally accepted accounting principles if the cost is at least $5,000 and has a useful life of more than two years. 由于跟踪和记录获取和开发计算机软件的费用，本领域的生效日期为2000年7月1日。

4 折旧: In accordance with generally accepted accounting principles for public institutions of higher education and policies of the State of Maryland, St. Mary’s College does not report depreciation for its equipment.