Property Accounting
Information: (330) 972-7202
The capitalization threshold for equipment is $5,000.
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 website for more information