- Reviews capital purchases
- Capitalize and assigns tags to capital purchases
- Inventories equipment valued over $5,000
- Reviews submissions of surplus property for capital equipment
The process in which assets are requisitioned, approved and purchased. This refers to assets purchased with a 63xxx account.
Capital assets are high value purchases with a long expected useful life that meets the minimum capitalization threshold price. Assets inventoried regularly.
Assets that have reached their useful life or are non-functional may be sent through the surplus property. Reviewed by asset management.
No property/equipment owned by the University may be used for personal use.
For questions or concerns on capital assets/equipment, inventories, and surplus property disposal/transfers, please contact:
Capital Asset Accountant
For questions or concerns on surplus property acquisition, sales or accessibility, please contact: