The Capital Equipment Process Assessment tools provides a department with an assessment tool to ensure equipment that is purchased for more than $5,000 is appropriately handled. Included within this assessment tool are Best Business Practices in the following areas:
- Procedures that should be included with the hiring and training of employees
- Segregation of duty considerations for persons who are may purchase, receive, inventory, or dispose of capital equipment
- Acquisition forms requirements depending on the funding source
- Property Management requirements
- Documentation requirements
- Reconciliation requirements
- Surplus Property Disposal
Associated Files: