USPS Headquarters Managers and Field Installation Heads: August 2011 Semi-Annual Capital Property Review

The next Semi-Annual Capital Property Review is scheduled to begin on August 1, 2011; the completion deadline is August 15, 2011. The list of items to be verified by the selected finance numbers will be sent out by e-mail from “Materials, Customer Service - Topeka, KS” the week of August 1, 2011.

The Semi-Annual Capital Property Reviews are a Sar­banes-Oxley (SOX) requirement. A list of finance numbers that receive a Semi-Annual Capital Property Certification Report but do not submit the report on time will be pro­vided to senior management.

As needed, the Asset Accountability Service Centers (AASCs) will be contacting Headquarters, area, district, and/or local management to verify the points of contact for the upcoming August 2011 Semi-Annual Capital Property Review. The AASCs will provide instructions and guidelines on how the Semi-Annual Capital Property Reviews are to be conducted by the field and Headquarters groups. Hand­book AS-701, Material Management, is under revision; instructions and guidelines provided by the AASCs will supersede Handbook AS-701 where there are conflicts.