Surplus Property: Difference between revisions
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== Policy and Procedure Statements == | == Policy and Procedure Statements == | ||
=== Surplus Property === | === Surplus Property === | ||
Occasionally, departments have in their possession equipment or furnishings which are no longer of use to them, and therefore, may be termed "surplus property." Rather than permitting such surplus items to set idle and occupy needed space, they should be disposed of in one of the following ways: | 4.1.1 Occasionally, departments have in their possession equipment or furnishings which are no longer of use to them, and therefore, may be termed "surplus property." Rather than permitting such surplus items to set idle and occupy needed space, they should be disposed of in one of the following ways: | ||
#Transfer the items to another University department or office where they will be used. A department may sell to a department by budget transfer, but cannot sell directly to individuals. | #Transfer the items to another University department or office where they will be used. A department may sell to a department by budget transfer, but cannot sell directly to individuals. | ||
#Sell the items through the North Carolina State Surplus Property Office. | #Sell the items through the North Carolina State Surplus Property Office. | ||
Disposal of all state owned property must be coordinated through the Surplus Property Officer in the Purchasing Office. Departments should never dispose of items directly unless by written consent of the Surplus Property Officer. | 4.1.2 Disposal of all state owned property must be coordinated through the Surplus Property Officer in the Purchasing Office. Departments should never dispose of items directly unless by written consent of the Surplus Property Officer. | ||
=== Transfer or Disposal of Items Bearing A Fixed Asset Inventory Decal === | === Transfer or Disposal of Items Bearing A Fixed Asset Inventory Decal === | ||
Appalachian State University form, Moveable Equipment - Notice of Disposal or Change of Location, must be completed and forwarded to the Fixed Asset Office whenever a department wishes to: | 4.2.1 Appalachian State University form, Moveable Equipment - Notice of Disposal or Change of Location, must be completed and forwarded to the Fixed Asset Office whenever a department wishes to: | ||
#transfer property to another department. | #transfer property to another department. | ||
#move property to another location. | #move property to another location. | ||
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=== Transfer or Disposal of Items Not on the Fixed Asset System === | === Transfer or Disposal of Items Not on the Fixed Asset System === | ||
Whenever a department wishes to dispose of, transfer, or change the location of an item not on the fixed asset system, the Moveable Equipment - Notice of Disposal or Change of Location form, or a memo should be forwarded to the Surplus Property Officer giving the following information: | 4.3.1 Whenever a department wishes to dispose of, transfer, or change the location of an item not on the fixed asset system, the Moveable Equipment - Notice of Disposal or Change of Location form, or a memo should be forwarded to the Surplus Property Officer giving the following information: | ||
#Item name and description | #Item name and description | ||
#Serial Number | #Serial Number | ||
#Condition (good, fair, poor, operable, inoperable, etc.). | #Condition (good, fair, poor, operable, inoperable, etc.). | ||
University employees are not permitted to bid on surplus items from their department or work area. They are permitted to bid on property from other areas of the University. Anyone failing to adhere to this policy may be subject to dismissal. | 4.3.2 University employees are not permitted to bid on surplus items from their department or work area. They are permitted to bid on property from other areas of the University. Anyone failing to adhere to this policy may be subject to dismissal. | ||
Internal Auditors will audit surplus property records in the North Carolina Surplus Property Office and in the University Fixed Asset System Office to insure that this policy is being followed. (All of these records are subject to the public records law.) | 4.3.3 Internal Auditors will audit surplus property records in the North Carolina Surplus Property Office and in the University Fixed Asset System Office to insure that this policy is being followed. (All of these records are subject to the public records law.) | ||
== Additional References == | == Additional References == | ||
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== Effective Date == | == Original Effective Date == | ||
== Revision Dates == | == Revision Dates == | ||
:January 5, 2011 | |||
[[Category:Contents]] | |||
[[Category:Business Operations]] | |||
[[Category:Facilities and Property Management]] | |||
Latest revision as of 13:34, 26 January 2018
Policy 507.12
Introduction
Scope
Definitions
Policy and Procedure Statements
Surplus Property
4.1.1 Occasionally, departments have in their possession equipment or furnishings which are no longer of use to them, and therefore, may be termed "surplus property." Rather than permitting such surplus items to set idle and occupy needed space, they should be disposed of in one of the following ways:
- Transfer the items to another University department or office where they will be used. A department may sell to a department by budget transfer, but cannot sell directly to individuals.
- Sell the items through the North Carolina State Surplus Property Office.
4.1.2 Disposal of all state owned property must be coordinated through the Surplus Property Officer in the Purchasing Office. Departments should never dispose of items directly unless by written consent of the Surplus Property Officer.
Transfer or Disposal of Items Bearing A Fixed Asset Inventory Decal
4.2.1 Appalachian State University form, Moveable Equipment - Notice of Disposal or Change of Location, must be completed and forwarded to the Fixed Asset Office whenever a department wishes to:
- transfer property to another department.
- move property to another location.
- dispose of surplus property by sale
- if the property bears a fixed asset inventory decal.
Transfer or Disposal of Items Not on the Fixed Asset System
4.3.1 Whenever a department wishes to dispose of, transfer, or change the location of an item not on the fixed asset system, the Moveable Equipment - Notice of Disposal or Change of Location form, or a memo should be forwarded to the Surplus Property Officer giving the following information:
- Item name and description
- Serial Number
- Condition (good, fair, poor, operable, inoperable, etc.).
4.3.2 University employees are not permitted to bid on surplus items from their department or work area. They are permitted to bid on property from other areas of the University. Anyone failing to adhere to this policy may be subject to dismissal.
4.3.3 Internal Auditors will audit surplus property records in the North Carolina Surplus Property Office and in the University Fixed Asset System Office to insure that this policy is being followed. (All of these records are subject to the public records law.)
Additional References
Authority
Contact Information
Original Effective Date
Revision Dates
- January 5, 2011