#Pc asset management fee professional
Our objective is to provide current and accurate asset inventory information, to authorize disposal of University owned equipment and to offer quality surplus items to the University Community, in a courteous and professional manner. * It is the University's policy that University owned items cannot be given or sold to employees or students regardless of condition. * Any item purchased with University funds is owned by the University and is intended for University use only Components with unit costs of $5,000.00 or more may be considered capital equipment if they are easily separable and can function apart from the main unit, regardless of University funding (i.e., sponsored).
Capital Equipment refers to durable, self-sufficient movable property with a useful life of more than one year and a unit cost of $5,000.00 or more. The Asset Management Office is responsible for maintaining the University's capital equipment inventory. It provides both an overview of how Asset Management operates in order to maintain accurate inventory records, and describes the role of University departments in this process.
#Pc asset management fee manual
This Policy and Procedures Manual has been prepared to provide information about the Asset Management Office and the University's requirements for the tagging of capital equipment. To ensure University compliance therefore, all individuals involved in any transaction related to capital expenditures must know and understand all applicable laws, regulations, and requirements of donors and the government, as well as to maintain records related to the acquisition, recording, inventory and disposal of the University’s capital assets. Capital assets are also subject to various legal provisions (e.g., building codes, copyright laws, property rights, etc.) as well as specific Internal Revenue Service (IRS) requirements (the IRS for instance has specific rules on how capital assets given to the University as gifts are used, disposed of, recorded, and reported). Capital assets comprise a significant part of New York University’s resources and are integral to various involve considerable University funds, capital expenditures must follow an established review and approval process to ensure their appropriateness.
0 kommentar(er)
