Asset Management

Responsibilities

  • Reviews capital purchases
  • Capitalize and assigns tags to capital purchases
  • Inventories equipment valued over $5,000
  • Reviews submissions of surplus property for capital equipment

Asset Acquisition

The process in which assets are requisitioned, approved and purchased. This refers to assets purchased with a 63xxx account.

Asset Acquisition Procedure

Capital Assets

Capital assets are high value purchases with a long expected useful life that meets the minimum capitalization threshold price. Assets inventoried regularly.

Capital Assets Procedure

Surplus Property-Disposal

Surplus property are disposed of through multiple means, such as yard sales, recycled e-waste, etc.

Assets that have reached their useful life or are non-functional may be sent through the surplus property. Reviewed by asset management.

Surplus Property-Disposal Procedure

Personal Use

No property/equipment owned by the University may be used for personal use.

Personal Use Policy

 

Contacts

For questions or concerns on capital assets/equipment, inventories, and surplus property disposal/transfers, please contact:

Patrick Fagan
Capital Asset Accountant 
Business Services
(406) 243-5742
Patrick.Fagan@mso.umt.edu

For questions or concerns on surplus property acquisition, sales or accessibility, please contact:

Chris Newlon
Facilities Services - Maintenance
(406) 243-5200
Chris.Newlon@mso.umt.edu



University of Montana - Property/Equipment Policies