Controlled Property. Controlled Property is considered to be goods valued between $1000 to $5000 that were purchased on or after July 1, 1999. All controlled property will be inventoried in accordance with UH equipment inventory policy (see www.hawaii.edu/svpa/apm/fpp/a8534.pdf).
Equipment. Equipment is considered to be all goods purchased prior to July 1, 1999 that cost $500 or more, items that cost $5000 or more purchased on or after July 1, 1999, and goods that cost $500 or more purchased with RETA-H funds and with a life of two years or longer. All equipment will be inventoried in accordance with UH equipment policy (see www.hawaii.edu/svpa/apm/spp/a8516.pdf).
Inventory. Each Center director is responsible for the security of equipment, controlled property, and resources at their respective locations. All centers are to maintain records of equipment and controlled property to facilitate the UH annual inventory verification process The UH annual inventory of property requires physical inventory in each center. Disposal of obsolete equipment and controlled property must be done on an annual basis in conformance with UH policy.
Any lost, stolen, or damaged items must be reported immediately in writing to State Office.
See related topics in this section:
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Property Management | |