Asset Management Responsibilities
Track major equipment - defined as having an acquisition cost >=$5000 and a useful life > 1 year Ensure that all major equipment is tagged with a University property tag and provide replacements for lost tags Maintain the Fixed Asset Ledger for the University Coordinate, Collect and Review Annual Physical Inventories Assist Departments in establishing procedures for maintaining and controlling their minor equipment lists Process all major equipment transfers and surplus property forms - changes to fixed assets system