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Office of the State Comptroller (OSC)
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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.
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- Personal property
- Supplies
- Library books and livestock
- Land, buildings, site improvements
- Built-in (Group 1 and 2) equipment
- Computer software
- Equipment with a value under $5,000
