From property_mgmt at lists.fsu.edu Tue Jul 15 09:25:08 2025 From: property_mgmt at lists.fsu.edu (Asset Management) Date: Tue, 15 Jul 2025 13:25:08 +0000 Subject: [Asset_mgmt] FY26 Inventory Schedule Message-ID: View the Controller's Office website. [https://controller.vpfa.fsu.edu/sites/g/files/upcbnu1236/files/media/New%20Logo/FSU_CONTROLLER_HEADER_vers5_New.png] Controller's Office Announcement * July 15, 2025 * FY26 Inventory Schedule The 2025-2026 Inventory Schedule has been finalized as of July 14, 2025. Asset details and inventory counts are based on the final inventory as of June 30, 2025. Departments are welcome to complete their annual inventory ahead of the posted schedule if it is more convenient. View the FY26 Inventory Schedule here: https://controller.vpfa.fsu.edu/services/asset-management/inventory For questions, contact: PAS-PropertyForms at fsu.edu Please do not reply to this listserv email (c) Florida State University 2025 -------------- next part -------------- An HTML attachment was scrubbed... URL: From property_mgmt at lists.fsu.edu Thu Jul 17 13:14:18 2025 From: property_mgmt at lists.fsu.edu (Asset Management) Date: Thu, 17 Jul 2025 17:14:18 +0000 Subject: [Asset_mgmt] Increase in Capital Property Threshold Message-ID: View the Controller's Office website. [https://controller.vpfa.fsu.edu/sites/g/files/upcbnu1236/files/media/New%20Logo/FSU_CONTROLLER_HEADER_vers5_New.png] Controller's Office Announcement * July 17, 2025 * Increase in Capital Property Threshold The Property policy, 4-OP-D-2F, is being amended and is currently being noticed 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 Board of Governors regulations as well as updates to the U.S. Office of Management and Budget's Uniform Guidance. 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. 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. 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. The Controller's Office is currently updating our website to reflect the new capitalization threshold and has posted the 2025/2026 Inventory Schedule here. Questions may be referred to CTL-AssetManagement at fsu.edu. (c) Florida State University 2025 -------------- next part -------------- An HTML attachment was scrubbed... URL: