Capital Equipment Policy
Capital equipment is tangible property having an acquisition value of $5,000 or more and a useful life expectancy of one year or more. Fabricated equipment and component systems, which have an aggregate costs of $5,000 or more and useful life expectancies of one year or more, are considered capital equipment.
Non-Capital equipment is property that costs less than $5,000 or has a useful life of less than one year. Repairs, maintenance parts or components, warranty costs, maintenance contracts or annual software licensing fees are not considered capital equipment and will be expensed.
Support proper financial planning, budgeting and reporting.
Property Control Manager
The Property Control manages the maintenance of the capital equipment inventory. This includes adding capital equipment, updating records and removing assets within the capital equipment management system.
Capital Equipment Custodian
Capital equipment custodians act as a liaison between Property Control and their unit for capital equipment purposes. Custodians have the following responsibilities:
To request a current capital equipment report please follow this link https://sunycortland.formstack.com/forms/capital_equipment_report_request
To add or update capital equipment please use this link https://sunycortland.formstack.com/forms/capital_equipment_form
View the Approved Capital Equipment Report in PDF for FY2018
You must submit this form prior to your Red Dragon Depot purchase requisition when purchasing new capital equipment New Capital Equipment Purchase Information Form