The University of West Georgia
Business & Finance Division
FY 2006 - FY 2007Departmental Mission
The mission of Asset Management is to identify and account for all capitalized assets of the Institution and small value equipment according to the rules and regulations of the University System of Georgia and the Department of Administrative Services as well as federal, state, and local government agencies. In addition, it is also our mission to identify and claim all surplus property, to conduct sales of surplus according to the rules and regulations of the University System and the State of Georgia, and to insure that disposal of surplus property meets environmental and security regulations. Department Goals
It is the goal of Asset Management to identify and record all equipment valued between $1,000 and $2,999 within 30 days of receipt. All equipment valued between $3,000 and $5,000 and capitalized assets should be identified and entered into the PeopleSoft Financials System within one week of receipt of documentation. It is our goal to have no errors in these entries as accuracy is critical.
It is further a goal of Asset Management to train campus constituents on the proper procedure for disposal of surplus property.