Capital Assets
Capital assets are assigned a unique University bar-code for identification and inventory.
Overview
The Capital asset Office has been delegated the following responsibilities:
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Recording all property transactions
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Accounting for the University's personal property by monitoring the attaching of barcodes, and validating with each department annually
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Making analysis of equipment records for fiscal year audits
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Documenting location and book values in the event of fire loss
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Maintaining inventory of all University historic properties, including furniture, portraits, and other objects of art
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Evaluating year-end physical inventory procedures for expendable inventory items for all university units
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Verifying computations and approving adjustments to expendable inventory for fiscal years
