Latest Property Accounting News

Property Accounting Position Announcement

Posted November 20, 2018 in Property Accounting and tagged .

Financial & Business Services is pleased to announce that effective December 3, 2018 Mark Hamilton is our new Manager, Project Administration, and will be leading our efforts to implement a distributed tracking and inventory system for both capital and non-capital … Continue reading →

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SAFEGUARD CERTAIN EQUIPMENT ITEMS < $1,000

Posted February 12, 2018 in Property Accounting and tagged , .

TRACKING NON-CAPITAL ASSETS AT THE UNIVERSITY OF UTAH This message is intended for Business Unit 01 Activities and Projects. (Not Hospital Accounts) On November 17, 2017, we notified campus that the State of Utah Legislative Auditors will be evaluating, testing … Continue reading →

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Audit of Non-Capital Assets

Posted November 17, 2017 in Property Accounting and tagged , .

LEGISLATIVE AUDITORS WILL BE EVALUATING / TESTING / TRACKING NON-CAPITAL ASSETS AT THE UNIVERSITY OF UTAH For Your Information: The Legislative Auditors for the State Of Utah will “soon” be returning to our campus at the University of Utah. The … Continue reading →

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Capital Equipment Inventories – Return by July 18

Posted June 30, 2017 in Financial Services, Property Accounting.

Any orgs that have not returned their completed FY17 Capital Equipment Inventories (over $5,000) to Property Accounting will need to do so by the year-end closing date of July 18. In order to avoid backup and promote efficiency, please return … Continue reading →

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Fiscal Year-End Closing Information and Dates

Posted June 27, 2014 in Accounts Payable, Controller, Financial Reporting and Accounting, Financial Services, Grants and Contracts Accounting, Income Accounting, Procurement and Supply Management, Property Accounting, Purchasing Card, Stores, Travel.

Do you know what is required as part of the Year End process? We have compiled a document to help. You will find: Helpful tips and guidelines Contact information for central administration offices Important deadlines  Click here to view the … Continue reading →

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New Rules: Travel Per Diem and Equipment Leasing

Posted February 14, 2011 in Procurement and Supply Management, Property Accounting, Travel and tagged .

The following two Rules have been approved.  Read below for implementation dates and a brief description of changes.  Please circulate this information to appropriate persons in your area. NOTE: Administrative Rules carry a level of import that requires considering them … Continue reading →

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FBS Clarifies Procurement Policies

Posted February 8, 2011 in Procurement and Supply Management, Property Accounting and tagged , .

NEW PROCEDURE – Policy 3-100, in reference to Section III.D.2. (Vendor prepayments) This section of University Procurement Policy addresses certain procedural issues related to advance vendor payments, which are generally not allowed.  The new procedure clarifies which approvals are necessary … Continue reading →

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Links to Auto-Numbered Forms Changed

Posted January 5, 2011 in Financial Reporting and Accounting, Grants and Contracts Accounting, Income Accounting, Property Accounting and tagged .

Some FS auto-numbered forms have had their links changed.  The forms have been moved to a new location which will make updates and maintenance of the forms more efficient in the future.  All the links on the Financial & Business Services website … Continue reading →

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Two new Property Policies Approved by Board of Trustees

Posted June 23, 2010 in Property Accounting and tagged .

Two new Property Policies have recently been approved by the Board of Trustees.  Both Policies have been written in an effort to provide further clarification in the stewardship of University Property. Policy 3‐041: Accountability for Noncapital Equipment, approved 4/13/2010   This … Continue reading →

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Year End Capital Equipment Tasks

Posted June 4, 2010 in Financial Reporting and Accounting, Property Accounting, Surplus & Slavage and tagged .

Start your equipment housekeeping early and avoid the Year-End rush! Please do the following to successfully resolve your outstanding equipment issues as early in June as possible. • Approve payment of recently delivered equipment. • Review departmental capital equipment accounts to resolve all … Continue reading →

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