1,619
edits
General Accounting: Difference between revisions
→Control of Capital Assets
No edit summary |
|||
| Line 39: | Line 39: | ||
Equipment acquisitions will be recorded in accordance with the [http://webapp.nebraska.edu/finance/docs/Capitalization%20Policy.pdf University of Nebraska Board of Regents], [http://www.whitehouse.gov/omb/circulars_a110 OMB Circular A-110] and generally accepted accounting practices. The assignment of estimated years of life for equipment will be based on both [http://www.irs.gov/ IRS] and [http://www.aha.org/ American Hospital Association guidelines]. | Equipment acquisitions will be recorded in accordance with the [http://webapp.nebraska.edu/finance/docs/Capitalization%20Policy.pdf University of Nebraska Board of Regents], [http://www.whitehouse.gov/omb/circulars_a110 OMB Circular A-110] and generally accepted accounting practices. The assignment of estimated years of life for equipment will be based on both [http://www.irs.gov/ IRS] and [http://www.aha.org/ American Hospital Association guidelines]. | ||
== Control of Capital Assets == | == Control of Capital Assets == | ||
All equipment traded in, transferred, housed off UNMC grounds, surplused, or sold will be coordinated through [http://info.unmc.edu/ | All equipment traded in, transferred, housed off UNMC grounds, surplused, or sold will be coordinated through [http://info.unmc.edu/management/finance/general-accounting/ General Accounting] and [http://info.unmc.edu/procurement/general-supply/ General Supply/Furniture Stores]. | ||
Department managers are responsible for coordinating capital asset activity. Equipment belonging to UNMC must be located and properly secured on the UNMC grounds. It is against UNMC policy for any such equipment or property to be used by employees for their personal use or be located in their residences without proper authorizing documentation. | Department managers are responsible for coordinating capital asset activity. Equipment belonging to UNMC must be located and properly secured on the UNMC grounds. It is against UNMC policy for any such equipment or property to be used by employees for their personal use or be located in their residences without proper authorizing documentation. | ||
| Line 47: | Line 47: | ||
This policy does not apply to vehicles, communication equipment, or other types of equipment where the normal use necessitates an off-campus location. | This policy does not apply to vehicles, communication equipment, or other types of equipment where the normal use necessitates an off-campus location. | ||
Sale of equipment by public sales, auctions, or by sealed bid shall be conducted according to the procedures of the Medical Center. UNMC employees, staff, or faculty shall not receive any special consideration. Disposition of all surplus equipment shall be the responsibility of the Manager of [http://info.unmc.edu/ | Sale of equipment by public sales, auctions, or by sealed bid shall be conducted according to the procedures of the Medical Center. UNMC employees, staff, or faculty shall not receive any special consideration. Disposition of all surplus equipment shall be the responsibility of the Manager of [http://info.unmc.edu/procurement/general-supply/ General Supply/Furniture Stores] and must be coordinated with the appropriate director or department head. | ||
== Equipment Control == | == Equipment Control == | ||
Equipment shall be capitalized, tagged, and maintained in the campus fixed asset inventory system. The dollar threshold minimum for campus equipment is $5,000. | Equipment shall be capitalized, tagged, and maintained in the campus fixed asset inventory system. The dollar threshold minimum for campus equipment is $5,000. | ||