Issued: February 28, 1992
Owner: University Comptroller
Latest Revision: February 3, 2009
This policy describes how departments may go about financing equipment.
2.0 Policy [Top]
Departments have several different options in financing equipment. Those options are:
- Policy X.C.1, "Equipment Trust Fund (ETF)"
- Policy VII.R.7, "Use of Treasury Board Financing Program"
NOTE: The submitting office is responsible for coordinating the appropriate Investment & Tax Services review.
Equipment leases, lease/purchases, or installment purchases for the University Division with a contract price of $25,000 or more must be reviewed by Investment & Tax Services.
Equipment leases, lease/purchases, or installment purchases for the Hospital Division with a contract price of $25,000 or more must be reviewed by the Hospital Budget Office.
Purchasing will review these purchase requisitions to determine if financing is appropriate and if the terms are satisfactory.
For equipment loans see also:
3.0 Definitions [Top]
4.0 References [Top]
5.0 Approvals and Revisions [Top]