Procurement & Payment Services

State Assets

All State-owned equipment (Group 3/moveable) with a unit original cost of $5,000 and over and a life expectancy of two years or more.

Includes equipment acquired from:

All State fund sources. For example, Operating, Operating Replacement, COP, (see memo #2) Capital Dorm Authority, Income Fund Reimbursable (IFR, DIFR, etc.).
State-owned assets used by Brockport Auxiliary Service Corporations (BASCs).
Gifts to the State (campus) subject to gift acceptance procedures.
It also includes: Equipment located on campus or at off campus sites.
Equipment on loan to or from another institution.
Fabricated equipment.
Equipment received from surplus.
Artwork/antiques.

State University Research Foundation Assets (SURF)

All equipment acquired with sponsor or SURF funds with a unit original cost of $5,000 and over and a life expectancy of one year or more.

Note: See research foundation property management manual for further information.

Brockport Auxiliary Services Corporation (BASC) and Other Affiliates

These units are responsible for maintaining accountability for their assets. EXCLUSIONS FROM PCS