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<p class="MsoNormal" align="right" style="text-align:right"><span style="font-size:8.5pt;font-family:"Open Sans",sans-serif"><a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fcontroller.vpfa.fsu.edu%2F&data=05%7C02%7Cproperty_mgmt%40lists.fsu.edu%7C03b40bd98b7848be0cd708ddc5555d7c%7Ca36450ebdb0642a78d1b026719f701e3%7C0%7C0%7C638883692604945131%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=DoobcRWisKxei5vLgNNer8%2BXEQegk2uMsV1Vk2PgISw%3D&reserved=0" originalsrc="https://controller.vpfa.fsu.edu/"><span style="color:#606060">View
the Controller's Office website.</span></a><span style="mso-ligatures:none"><o:p></o:p></span></span></p>
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<p class="MsoNormal"><span style="color:black"><img border="0" width="640" height="117" style="width:6.6666in;height:1.2187in" id="_x0000_i1025" src="https://controller.vpfa.fsu.edu/sites/g/files/upcbnu1236/files/media/New%20Logo/FSU_CONTROLLER_HEADER_vers5_New.png"></span><o:p></o:p></p>
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<h1 align="center" style="margin:0in;text-align:center"><span style="font-size:22.5pt;font-family:"Open Sans",sans-serif;color:#2C2A29;font-weight:normal">Controller's Office Announcement<o:p></o:p></span></h1>
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<span style="font-size:10.5pt;font-family:"Open Sans",sans-serif;color:#2C2A29;font-weight:normal">• July 17, 2025 •
<o:p></o:p></span></h1>
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<h2 align="center" style="text-align:center;background:#782F40"><span style="font-size:15.0pt;font-family:"Open Sans",sans-serif;color:white;font-weight:normal">Increase in Capital Property Threshold<o:p></o:p></span></h2>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif;color:black">The Property policy,
<a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpolicies.vpfa.fsu.edu%2Fpolicies-and-procedures%2Ffinancial%2Fproperty&data=05%7C02%7Cproperty_mgmt%40lists.fsu.edu%7C03b40bd98b7848be0cd708ddc5555d7c%7Ca36450ebdb0642a78d1b026719f701e3%7C0%7C0%7C638883692604960731%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=4ZPrigUBeuZ%2B6u4ri5yVFcs%2FmsTHeeCBQe9wOdhZvZs%3D&reserved=0" originalsrc="https://policies.vpfa.fsu.edu/policies-and-procedures/financial/property">
4-OP-D-2F</a>, is being amended and is <a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpolicies.vpfa.fsu.edu%2Fpolicy-notifications&data=05%7C02%7Cproperty_mgmt%40lists.fsu.edu%7C03b40bd98b7848be0cd708ddc5555d7c%7Ca36450ebdb0642a78d1b026719f701e3%7C0%7C0%7C638883692604970280%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=0JYh2xn2dcMiazfyojM1Zdx9kjpqKnkp%2BlQC04ZzBJo%3D&reserved=0" originalsrc="https://policies.vpfa.fsu.edu/policy-notifications">
currently being noticed</a> until July 18, 2025. The university's capital property threshold (OCO-Operating Capital Outlay) will increase from $5,000 to $10,000 in the updated policy with an anticipated effective date of July 1, 2025. This change is in response
to recent changes to <a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.flbog.edu%2Fwp-content%2Fuploads%2F2011%2F05%2F9_002_2025_FINAL.pdf&data=05%7C02%7Cproperty_mgmt%40lists.fsu.edu%7C03b40bd98b7848be0cd708ddc5555d7c%7Ca36450ebdb0642a78d1b026719f701e3%7C0%7C0%7C638883692604980254%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=%2FZelQSp3heBePBFmHHjOuBVcZp%2BMy6F6qILcC4CkEsE%3D&reserved=0" originalsrc="https://www.flbog.edu/wp-content/uploads/2011/05/9_002_2025_FINAL.pdf">
Board of Governors regulations</a> as well as updates to the <a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.ecfr.gov%2Fcurrent%2Ftitle-2%2Fsubtitle-A%2Fchapter-II%2Fpart-200%2Fsubpart-E%2Fsubject-group-ECFRed1f39f9b3d4e72%2Fsection-200.439&data=05%7C02%7Cproperty_mgmt%40lists.fsu.edu%7C03b40bd98b7848be0cd708ddc5555d7c%7Ca36450ebdb0642a78d1b026719f701e3%7C0%7C0%7C638883692604988731%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=X43JWPFncW%2B8up5d4c6DtxUfVKOjHSZZRAkMi7J3vzk%3D&reserved=0" originalsrc="https://www.ecfr.gov/current/title-2/subtitle-A/chapter-II/part-200/subpart-E/subject-group-ECFRed1f39f9b3d4e72/section-200.439">
U.S. Office of Management and Budget’s Uniform Guidance</a>. </span><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif;color:black">All tangible personal property with a value of $10,000 or more and an expected useful life greater than one year will be recorded in the university's Asset Management
System in OMNI. </span><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif;color:black">As part of this change, the Controller’s Office is conducting a systematic retirement of assets costing less than $10,000 and with a $0 net book value. However,
to facilitate an effective inventory process, certain fully depreciated assets will remain on departments’ inventory despite having an original cost of less than $10,000.
</span><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif;color:black">Please note that purchases of equipment funded by publicly sponsored awards will NOT transition to the new $10,000 threshold until FSU’s cognizant audit agency
approves the FY26 Facilities and Administrative (F&A) rate agreement, which outlines the university’s plan for implementing this capitalization change. Sponsored Research Administration will communicate an announcement once approval is received from the federal
government, along with the effective date of this change. In the meantime, research proposals should continue to include the $10,000 equipment threshold, as we anticipate this revision will be implemented in the near future.</span><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif;color:black">The Controller’s Office is currently updating our website to reflect the new capitalization threshold and has posted the 2025/2026 Inventory Schedule
<a href="https://nam04.safelinks.protection.outlook.com/?url=https%3A%2F%2Fcontroller.vpfa.fsu.edu%2Fservices%2Fasset-management%2Finventory&data=05%7C02%7Cproperty_mgmt%40lists.fsu.edu%7C03b40bd98b7848be0cd708ddc5555d7c%7Ca36450ebdb0642a78d1b026719f701e3%7C0%7C0%7C638883692604996706%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=6zxm67WWf1Aq29diWSisTQDVUYDP9a0lUIM0luAEfiY%3D&reserved=0" originalsrc="https://controller.vpfa.fsu.edu/services/asset-management/inventory">
here</a>. Questions may be referred to <a href="mailto:CTL-AssetManagement@fsu.edu">
CTL-AssetManagement@fsu.edu</a>. </span><span style="font-size:11.0pt;font-family:"Open Sans",sans-serif"><o:p></o:p></span></p>
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<span style="font-size:8.5pt;font-family:"Open Sans",sans-serif;color:#606060">© Florida State University 2025<o:p></o:p></span></p>
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