Other sources of acquisition
The University of Georgia is required by the Board of Regents of the University System
of Georgia and state and federal regulations to inventory and track assets. Assets
are acquired from a variety of sources.
Reason for policy
This policy is to show how to track property owned by or in the possession of UGA
and to comply with state and federal guidelines.
Other sources might include federal or state surplus acquisition, loan of property
to UGA, constructed items, etc. In each of these cases the custodian department is
required to report to Property Control the same information listed in 15.2.3 in order
to inventory the assets. Acquisitions from other UGA Departments require the completion
of the Notice of Change in DepartmentalEquipment Form
. Acquisitions from the UGA Surplus Unit will be reported to Property Control by
the Surplus Unit.
For all assets all documentation should be retained for 5 years after disposition
of equipment. [0472-01-005