Policies & Procedures Manual - Elizabeth City State University

400.1.501. To substantiate depreciation and use charges included in the computation of indirect(overhead) rates for Federal Grants & Contracts;2. To document equipment location and book values in the event of fire, loss or theft;3. To classify equipment on hand in accordance with the State Classification Code;4. To maintain printouts of movable equipment classification codes for analyses ofequipment availability;5. To maintain printouts of equipment for which each department isresponsible;6. To improve the security of the University's equipment;7. To reconcile equipment purchases and control with the University's general ledgeron a monthly basis; and8. To ensure equipment purchased by ECSU is properly in place and accounted for.