Asset Management handles accounting and inventory for all USF owned fixed assets. A fixed asset is defined as a tangible asset, such as furniture, fixtures and equipment with a cost of $5,000 or more and a useful life of 1 year or more. Capitalization thresholds and responsibilities are set forth by the Florida SUS-Board of Govenors. This is defined at Florida BOG Capitalization Threshold.
Additionally, the property inventory staff is responsible for the physical inventory of all university fixed assets. In order to facilitate this process, the university community has been divided into 13 inventory groups. The property office publishes a schedule of inventory of all groups. The staff also perform the task of identifying and tagging all new capitalized university equipment.
Asset Training is found on the UCO Training home page.
For more helpful resources, please visit the Property Inventory Resources.
University of South Florida
John and Grace Allen Building ALN 208
Tampa, FL 33620