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Policy: VIII.E.6x (inactive) |
Issued: October 31, 1996 |
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Owner: Associate Comptroller, Financial Reporting and Analysis |
Latest Revision: |
PROPERTY ACCOUNTING - EQUIPMENT SCREENING
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It is the purpose of this policy to insure that the University is in compliance with the Office of Management and Budget Circular A-110 and directives and regulations/audit comments from federal agencies.
2.0 Policy [Top]
It is the policy of the University to screen equipment purchase requests from sponsor - funded accounts to eliminate unnecessary purchases. The Property Section, in conjunction with the principal investigator, must determine whether suitable equipment already exists before equipment costing $50,000 or more is purchased. The Property Section will then note on the purchase requisition that such screening has been completed.
3.0 Definitions [Top]
4.0 References [Top]
5.0 Approvals and Revisions [Top]