The Property Accounting Office wants to inform you of the required changes to Noncapital Equipment Account Codes due to the recent revision of Policy 3-041: Accountability for Noncapital Equipment. The revisions now include THREE CATEGORIES of assets, physical inventory requirements of these categories are outlined below.
- MANDATORY INVENTORY: Noncapital equipment with an acquisition cost greater than or equal to $3,000 but less than $5,000.
- MANDATORY INVENTORY: All university-owned computers, laptops, tablets and cell phones of any value less than $5,000 that may contain Personally Identifiable Information (PII) at any point during the university’s ownership of the asset.
- OPTIONAL INVENTORY: Noncapital equipment having an acquisition cost or donated value less than $3,000 and having a useful life in excess of one year. Assets in this category are to be inventoried at the discretion of the departments or units, but not required.
Noncapital Equipment Account Codes
|61400||61409||Equip-Noncapital $3,000-$4,999||Noncap $3K<$5K||Required|
|61417||61419||Optional Equip-Noncapital $1,000-$2,999||Opt Noncap<$3K||Optional|
There have been no changes to the capital equipment account codes (61000-61021), for all assets including computer-related devices over $5,000.
If you have any questions please call employees of Property Accounting: Paula Monaco 581-8673, Pamela Day 585-6969 or Robin Love 581-3973.