Declining Balance Cards

For Capital Projects

Declining Balance Cards have great potential in the public sector. JoAleen Ainslie, CPCP, is an advocate, recalling her previous job experience with a public school district. The cards worked well for multiple federal grants and a capital project related to the building of a new elementary school. She shares, “To me, Declining Balance Cards are a wonderful financial payment vehicle with built-in control mechanisms. The cards prevented anyone from going over budget and created all kinds of pertinent reporting data to track required documentation for retrieval prior to the grant expiration dates/clean up periods. Because of the ability to assign dedicated accounting elements, I could generate reports on demand, without waiting for a cost accounting reconciliation. We also utilized MCC controls to prevent the cards from being used for items not allowed in grant parameters.”