Accounting and Reporting

Asset Management

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 Governors.

Property Inventory

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.

Financial Accounting

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.

USF Policy # 5-014

Please be aware of the official USF property policy.

Property Forms

These are the forms to initiate actions within the Asset Management process.