FAPL 8 (Rescission of Rule 5101-5-10 of the Ohio Administrative Code - Asset Reimbursement Methods)
Fiscal Administrative Procedure Letter No. 8
October 19, 2007
TO: All Fiscal Administrative Procedure Manual Holders
FROM: Helen E. Jones-Kelley, Director
SUBJECT: Rescission of Rule 5101-5-10 of the Ohio Administrative Code - Asset Reimbursement Methods

Rule 5101-5-10 is being rescinded with the issuance of this Fiscal Administrative Procedure Letter. Rule 5101:9-4-10 "Asset Reimbursement Methods" is forthcoming and will be placed on the Ohio Department of Job and Family Services (ODJFS) policy clearance site for review and will contain, but not be limited to, the following revisions.

  • The threshold for capitalization is the lesser of $5,000 or the amount used by the local government for financial reporting, whichever is more restrictive.
  • Computer software must be capitalized when it has a useful life of more than one year and acquisition cost that exceeds the lesser of $5000 or the capitalization threshold used by the county for financial purposes.
  • Local agencies will be required to establish a capitalization policy that sets the useful life of capitalized equipment purchases in accordance with 2 CFR 225 (formerly OMB Circular A-87) standards of reasonableness.

Questions regarding Asset Reimbursement Methods should be directed to the ODJFS fiscal supervisor or the Bureau of County Finance and Technical Assistance (BCFTA) at (614) 466-5854.