When do reporting/inventory procedures for items below the new dollar threshold of $1,500 take effect?
Effective July 1, 1998, campuses may discontinue tracking room number, utilization, condition and location of items below the $1,500 threshold, and exclude them from departmental inventory reports, provided these items are retained electronically in your local computer system for FY 1998-99 reporting to UCOP. While some campuses may find it more convenient to retain below-$1,500 items on the inventory until the end of FY 1998-99, others may prefer to remove them to a separate file for later reporting (see options discussed in the response to question 21 below). Technically, campuses should wait until the FY 1997-98 files have been approved by Carla Raffetto, UCOP Information Management, before these items are “removed”, but certain circumstances (e.g., an ONR audit) may make earlier removal advantageous to the campus. Please consult with Carla if you feel your campus has such a need.
