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Capital Assets

Capital assets are assigned a unique University barcode for identification and inventory.
Capital assets are assigned a unique University bar-code for identification and inventory.

Overview

The Capital asset Office has been delegated the following responsibilities:

  • Recording all property transactions
  • Accounting for the University's personal property by monitoring the attaching of barcodes, and validating with each department annually
  • Making analysis of equipment records for fiscal year audits
  • Documenting location and book values in the event of fire loss
  • Maintaining inventory of all University historic properties, including furniture, portraits, and other objects of art
  • Evaluating year-end physical inventory procedures for expendable inventory items for all university units
  • Verifying computations and approving adjustments to expendable inventory for fiscal years
 
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