Property Department

Inventory management and accountability for Moveable Equipment requires the leadership of the Property Department and the support of Campus Deans, Department Heads, or Directors who work together in a coordinated effort to maintain asset management records and inventory control.

This combined commitment will ensure the success of our equipment inventory management program.

Property Management Responsibilities:

Moveable Equipment – a tangible item or Unit of equipment that is purchased, donated, leased or acquired through trade, is not permanently affixed to a building and that: a) is an entity unto itself (stands alone – must be externally visible; e.g. computer, microscope, audio visual equipment, etc.); b) has a life expectancy of two years or more and c) is not being held for resale.

Movable equipment with a per unit cost of $1,000 or greater, all computers regardless of cost, and capital furniture are recorded, tracked and subject to physical inventory. Moveable Equipment is:

  1.      Capital Equipment – Moveable equipment with a unit cost (or value) of $5000 or greater and is capitalized.
  2.     Non-Capital Equipment – Moveable equipment with a unit cost (or value) of $1000 -$4999.99 and all computers and weapons with a cost (or value) of $1 - $4999.99. This equipment is recorded in the AMS because it is considered sensitive and is deemed necessary to be inventoried because it may easily be converted to personal use and/or must be controlled to meet external reporting requirements.