This directive establishes the proper methods of completing annual RAC of capital assets and attractive property. When a department is relocating an asset to an off-site location, or an item is intermittently traveling, the department must complete a RAC Form in myAssets before the equipment is removed from campus. If UF property is going to be taken outside the United States, the Foreign Travel or Shipping Request procedures must also be followed.
Departments are responsible for verifying the completion of off-site certifications by their employees of attractive property and capital assets. The RAC will be required annually as long as the item is located off-site campus or continues to travel. Annual off-site certifications are required starting July 1st and are due no later than September 30th. For any equipment taken off-site after September 30th, an off-site certification is due immediately.
The Board of Governors and governmental regulations require the University of Florida to document the location of property, and this directive ensures the proper accounting of capital assets and attractive property.
All UF departments.