Property & Equipment Inventory | Controller's Office
Property & Equipment Inventory
Property & Equipment Inventory
UCCS tracks property and equipment inventory to maintain the integrity of the UCCS Financial Statements including accounting for property, capital equipment, and assets (property) over $5,000 with a useful life of over one year. Also, software costing $5,000 or more with a useful life of over one year needs to be accounted for. Property control is a core business function. Maintaining the accuracy of property records requires interdepartmental cooperation and shared efforts.