Policies Index Comptroller Home UVA Documents Search

Policy: VIII.E.6

Issued: October 31, 1996

Owner: University Comptroller

Latest Revision: April 26, 2005



This policy is currently under revision at the University. Although the statements herein reflect enforced policy guidance, please contact the "Owner" listed above if you have questions about how this policy applies to your office. The statements herein are to be used as general guidance until the policy has been revised and added to the University Policy Directory. Thank you.

1.0 Purpose

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. Fixed Assets Accounting Group (Property), in conjunction with the principal investigator, must determine whether suitable equipment already exists before equipment costing $50,000 or more is purchased. The Fixed Assets Accounting Group (Property) 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]

Previous version in effect from 10/31/96 to 4/26/05 available in policy archive.

Maintained by University Comptroller
© 2000 by the Rector and Visitors of the University of Virginia