We are excited to announce that the draft version of Chapter 190 – Capital Assets is now available for review in the Washington Administrative and Accounting Manual (WAAM), which will replace SAAM when the state transitions to Workday.

While the existing state policies related to capital assets generally remain unchanged, there are some significant differences between the current SAAM policy and the updated WAAM policy.

The biggest change is the reorganization of the information. Currently, in SAAM, there are three different sections related to capital assets: policy (chapter 30), accounting entries (chapter 80), and illustrative entries (chapter 85). Our goal with the new policy is to combine this information into one chapter, making it much easier for agencies to navigate and use.

Another big change is that currently SAAM is specific to agencies using CAMS, the Capital Asset Management System. In WAAM, we provide policy and guidance for agencies using the Business Asset module within Workday as well as guidance on the accounting entries for agencies managing assets in an approved external system.

Visit the Draft WAAM webpage to view the available draft WAAM chapters and related resources.

Please review the draft chapters and submit questions or comments here so the feedback can be considered before WAAM is finalized and Workday goes live. We will continue to communicate via Granicus (formerly GovDelivery) when additional draft chapters are added.