Capital Equipment Process Assessment

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