Control of University property policy revised

On Aug. 28, University Policy 601.15 Control and Management of University Equipment and Other Property and its supplemental procedures were revised. The revisions reflect changes to various Fixed Asset processes and procedures associated with the following:

• new accounting regulations as pronounced by the Governmental Accounting Standards Board (GASB)
• changes to State policies
• internal changes such as the implementation of Fixed Asset e-forms (which replaced paper-based forms)