All inventory (capital equipment and sensitive items) is tagged by the Property Management:
- An acquisition cost of $2,500.00 or more, with an estimated life greater than a one year and not permanently attached into University buildings.
- Sensitive equipment of $500.00 or more, with an estimated life greater than a one year and not permanently attached into University buildings.
- Capitol equipment with an acquisition value of $5,000 or more.
For inventoried items delivered directly to a campus department, the campus department is to contact the Property Management to coordinate tagging of the item. A Property Management representative will inspect and tag the inventoried item at the department location. The campus department is to provide acquisition information to the Property Management (Purchase Order/Procurement Card/Proposed Acceptance of Gifts in Kind) and the planned location of the item.
All inventoried items delivered to the Distribution Center will be tagged and recorded in the University Asset Management database prior to being delivered to the campus department. The delivery location will be recorded as the initial location of the item.
Upon the request of a campus department, the Property Management will tag and record property that the department has deemed as a sensitive item, but does not meet the criteria of capitalized equipment or sensitive item per the established Property definitions.