Glossary

The tag number is a unique number assigned to an item by Asset Management or by the Asset Management Subsystem in myUFL. This number is printed on a paper decal that is placed on moveable equipment. Once the decal has been place, it is not to be removed by departments. Note: For assets purchased after July 1st 2004, the asset ID and the tag number will default to the same number. Asset Management will change the tag number when the asset is owned by a governmental agency or another granting agency, where the asset is software, books, buildings or infrastructure, or when a data correction is needed for a property’s master record.

A bond usually issued by municipal, county, or state governments whose interest payments are not subject to tax.

The United States has income tax treaties with a number of foreign countries. Under these treaties, residents (not necessarily citizens) of foreign countries are taxed at a reduced rate, or are exempt from U.S. income taxes on certain items of income they receive from sources within the United States. These reduced rates and exemptions vary among countries and specific items of income.

Florida assesses sales and use tax on only certain provided services (e.g. detective, burglar protection, and other protection services, nonresidential cleaning, and nonresidential pest control), with some limited exceptions.

Used to reflect time worked, leave, and holidays. They are also used to designate leave (paid and unpaid) as qualifying under the Family and Medical Leave Act (FMLA). Other TRCs can be used to provide administrative leave or apply shift differential, among other actions.

When the department exchanges property to reduce the purchase price of new property. The University of Florida does not permit the trade-in of UF owned assets for expendable materials, operating leased equipment, or equipment being purchased by Direct Support Organizations where ownership of the new asset does not reside with the University of Florida.

A training grant is a fellowship awarded at UF for the purpose of the individual’s research or training experience and does not require repayment or the performance of present or future services (primarily for the benefit of the grantor) to receive it. UF reports training grant income in Box 3 of Form 1099-MISC to both the recipient and the IRS at year end.

Remove all but the last four digits of a credit card number from documentation.