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<div class=3DSection1>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span style=3D=
'font-size:
10.0pt;color:navy'>There is also a document on CASES21 Finance Website calle=
d
Assets Management Policy which should be read (yes in your spare time). =
; Leased
assets should have a value of ‘0’, be in a MISC_XXXX category an=
d
the monthly lease payment should be divided by the number of computers etc o=
n
lease. Otherwise you get an email from town telling you to fix it R=
11;
which is more work!!!!<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span style=3D=
'font-size:
10.0pt;color:navy'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoAutoSig><font size=3D3 color=3Dnavy face=3D"Comic Sans MS"><sp=
an
style=3D'font-size:12.0pt;font-family:"Comic Sans MS";color:navy'>Marje Brop=
hy<o:p></o:p></span></font></p>
<p class=3DMsoAutoSig><font size=3D3 color=3Dnavy face=3D"Comic Sans MS"><sp=
an
style=3D'font-size:12.0pt;font-family:"Comic Sans MS";color:navy'>Business
Manager<o:p></o:p></span></font></p>
<p class=3DMsoAutoSig><st1:place w:st=3D"on"><st1:PlaceName w:st=3D"on"><fon=
t size=3D3
color=3Dnavy face=3D"Comic Sans MS"><span style=3D'font-size:12.0pt;font-f=
amily:
"Comic Sans MS";color:navy'>Korumburra</span></font></st1:PlaceName><font
color=3Dnavy face=3D"Comic Sans MS"><span style=3D'font-family:"Comic Sans=
MS";
color:navy'> <st1:PlaceName w:st=3D"on">Secondary</st1:PlaceName> <st1:Plac=
eType
w:st=3D"on">College</st1:PlaceType></span></font></st1:place><font color=3D=
navy
face=3D"Comic Sans MS"><span style=3D'font-family:"Comic Sans MS";color:navy=
'><o:p></o:p></span></font></p>
<p class=3DMsoAutoSig><font size=3D3 color=3Dnavy face=3D"Comic Sans MS"><sp=
an
style=3D'font-size:12.0pt;font-family:"Comic Sans MS";color:navy'>5655 -1566=
<o:p></o:p></span></font></p>
</div>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span style=3D=
'font-size:
10.0pt;color:navy'><o:p> </o:p></span></font></p>
<div>
<div class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><font size=
=3D3
face=3D"Times New Roman"><span lang=3DEN-US style=3D'font-size:12.0pt;font-f=
amily:
"Times New Roman"'>
<hr size=3D2 width=3D"100%" align=3Dcenter tabindex=3D-1>
</span></font></div>
<p class=3DMsoNormal><b><font size=3D2 face=3DTahoma><span lang=3DEN-US
style=3D'font-size:10.0pt;font-family:Tahoma;font-weight:bold'>From:</span><=
/font></b><font
size=3D2 face=3DTahoma><span lang=3DEN-US style=3D'font-size:10.0pt;font-fam=
ily:Tahoma'>
busmanagers-bounces@edulists.com.au
[mailto:busmanagers-bounces@edulists.com.au] <b><span style=3D'font-weight:b=
old'>On
Behalf Of </span></b>Hastings, Janet F<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, 11 July 2006 1=
0:11
AM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> Business Managers' Mailin=
g
List<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> [Busmanagers] Leased
computers and the Asset Register</span></font><font face=3D"Times New Roman"=
><span
lang=3DEN-US style=3D'font-family:"Times New Roman"'><o:p></o:p></span></fon=
t></p>
</div>
<p class=3DMsoNormal><font size=3D3 face=3DArial><span style=3D'font-size:12=
.0pt'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'>I am
in need of a little clarification with Leased Assets.<o:p></o:p></span></fon=
t></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'>What is
the correct way to record leased assets (computers and monitors) in respect=
of
the purchase cost and the monthly lease cost. <o:p></o:p></span></font=
></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'>On
reading the notes in the Assets section of the finance guide, the purchase c=
ost
should be ‘0’, and ‘the monthly lease payment is entered (=
if
applicable)’.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'>As we
have leased a classroom full of computers, should I divide the monthly lease
payment and spread it across all the computers and monitors in the lease?<o:=
p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><b><font size=3D6 color=3Dnavy face=3D"Edwardian Script=
ITC"><span
style=3D'font-size:24.0pt;font-family:"Edwardian Script ITC";color:navy;
font-weight:bold'>Jan Hastings<o:p></o:p></span></font></b></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'>Business
Manager<o:p></o:p></span></font></p>
<p class=3DMsoNormal><st1:place w:st=3D"on"><st1:PlaceName w:st=3D"on"><font=
size=3D2
face=3DArial><span style=3D'font-size:10.0pt'>Rowville</span></font></st1:=
PlaceName><font
size=3D2><span style=3D'font-size:10.0pt'> <st1:PlaceType w:st=3D"on">Prima=
ry School</st1:PlaceType></span></font></st1:place><font
size=3D2><span style=3D'font-size:10.0pt'><o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'>Phone:
9764-1955<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span style=3D'font-size:10=
.0pt'>Fax:
9763-8658<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D3 face=3DArial><span style=3D'font-size:12=
.0pt'><o:p> </o:p></span></font></p>
<p><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-family:A=
rial'>*******************************************<o:p></o:p></span></font></=
p>
<p><b><font size=3D2 face=3DArial><span style=3D'font-size:10.0pt;font-famil=
y:Arial;
font-weight:bold'>Important - </span></font></b><font size=3D2 face=3DArial>=
<span
style=3D'font-size:10.0pt;font-family:Arial'>This email and any attachments=
may
be confidential. If received in error, please contact us and delete all copi=
es.
Before opening or using attachments check them for viruses and defects.
Regardless of any loss, damage or consequence, whether caused by the neglige=
nce
of the sender or not, resulting directly or indirectly from the use of any
attached files our liability is limited to resupplying any affected
attachments. Any representations or opinions expressed are those of the
individual sender, and not necessarily those of the Department of Education
& Training.</span></font><o:p></o:p></p>
</div>
<p>Important -=0A=
This email and any attachments may be confidential. If received in error, pl=
ease contact us and delete all copies. Before opening or using attachments c=
heck them for viruses and defects. Regardless of any loss, damage or consequ=
ence, whether caused by the negligence of the sender or not, resulting direc=
tly or indirectly from the use of any attached files our liability is limite=
d to resupplying any affected attachments. Any representations or opinions e=
xpressed are those of the individual sender, and not necessarily those of th=
e Department of Education & Training..</p></body>
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