Are there specific policies and procedures to follow for moving an item to Surplus?
Each department is responsible for notifying Financial Records Services when capitalized equipment is being transferred or retired per policy 05-10-01 (Capitalization of Fixed and Movable Assets). When a piece of capital equipment is transferred to Surplus Property through a Pick-Up Request form, Financial Records Services will be automatically notified to comply with established University policy. Refer to the FRS web page for additional information on asset transfer or retirement.
Each department is responsible for notifying Financial Records Services when capitalized equipment is being transferred or retired per policy 05-10-01 (Capitalization of Fixed and Movable Assets). When a piece of capital equipment is transferred to Surplus Property through the 1-Click site, Financial Records Services will be automatically notified to comply with established University policy. Refer to the FRS web page for additional information on asset transfer or retirement.
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