This directive establishes the proper methods of acquiring, decaling, and maintaining attractive property. Attractive Property is property that costs less than $5,000 and is not a capital asset. The University or the department should track the property due to various reasons, including:
Attractive property that is required to be tracked must be recorded in myAssets.
To ensure we are responsible stewards, we identify and track property to minimize risk due to theft or loss, meet regulatory compliance standards, maximize property usage, and support UF’s sustainability efforts.
All UF departments. It is the Property Custodian’s responsibility to identify and safeguard all attractive property owned by their departments. This includes decaling, identifying, annual inventorying, transferring, disposing of attractive property, and keeping the department up-to-date with attractive property policies. The property custodian will identify Departmental Contacts who will be delegated daily tasks.