Acquisition from Transfer
View policy pdf: Acquisition From Transfer Policy
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.
Reasosn 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.
Transferred items might originate from other USG institutions, institutions from other states, etc. The department receiving the items must report to Property Control the information necessary to inventory the transferred items. Information would include, but not be limited to, ownership data, manufacturer, model number, original acquisition cost or fair market value, serial number, departmental account number, acquisition date, equipment location (building name/number and room number), individual in possession of the item(s), and ownership data (is the item titled to a grant or other entity or is title being transferred to UGA?).
Property Control Office, 706-542-4390, firstname.lastname@example.org
For all assets all documentation should be retained for 5 years after disposition of equipment. [0472-01-005]
Responsible University Senior Administrator: Vice President for Finance & Administration
Responsible University Administrator: Associate Vice President for Finance Division
Policy Owner: Asset Management
Policy Contact: Craig Mathews
Phone Number: 706-542-4390