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Construction of Equipment

    • Last Updated: 04/25/2016
    • Effective Date:

    Policy Statement
    Component parts or modules with an individual cost of less than $3,000 should be inventoried when they are acquired to build a piece of equipment which is expected to have an aggregate cost of $3,000 or more. If the total constructed cost of the asset is $500.00 or more and the constructed item is a controlled item as listed in 15.1.3 it too should be reported to Property Control for the purpose of being inventoried. Items with a cost exceeding $3,000 may be combined with other items to form a system when determined to be an integral/internal part of the system being constructed.  Multiple items already tagged can be combined to make one inventoried asset when the multiple items are installed into one item (Example: multiple inventoried hard drives installed into one server).
    Reason for policy
    This policy shows how to track property owned by or in the possession of UGA and to comply with state and federal guidelines.
    Additional contacts
    Property Control Office, 706-542-4390, Property@uga.edu
    Responsibilities

    Responsible University Senior Administrator:Vice President for Finance & Administration

    Responsible University Administrator: Associate Vice President & Controller

    Policy Owner: UGA Property Control

    Policy Contact: Craig Mathews

    Phone Number: 706-542-4390