Property Accounting

Information: (330) 972-7202

The capitalization threshold for equipment is $5,000.

Capital Asset Policies and Procedures Manual

University property may not be sold, traded in, salvaged, scrapped, or otherwise disposed of, unless prior approval has been granted by the Manager of Central Stores. This includes all equipment or materials donated or purchased with gift, grant, contract funds, or unrestricted general funds, if title to the property has been vested with the University.

Departments declaring capital assets (items with a value more than $5,000) as surplus are required to fill out a Capital Asset Surplus Property Release Form (CASPR form). Departments declaring other items as surplus (furniture, supplies, etc.) are required to fill out a Surplus Property Release form (SPR Form).

Visit the Surplus Property website for more information 

Home Use of University Equipment Form

Missing or Stolen Property Form