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Property from Internal Funds 

Question

Do I have to do anything if my school purchases assets with internal funds?

Answer

If your school purchases an asset with internal funds that is over $1,000 with a useful life greater than one year you must complete the Property Purchase Form found on the Accounting Services webpage under Property Control: Forms.   Please send the completed form along with a copy of the check stub, p.o. and invoice to Property Control.  A property record will be created, a tag issued, and the tag will be sent to your property custodian.
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Created at 10/22/2010 11:50 AM  by Moses, Linda@Accounting Services 
Last modified at 10/22/2010 11:50 AM  by Moses, Linda@Accounting Services