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Document
RFQ 25-30 Towing, Storage and Disposal Final.pdf
Year Created: 2025
DOCUMENT
SOP - Property Manual 2003
- YEAR CREATED: 2003
- ENTITY TYPE: Universities
- TYPE OF DOCUMENT: POL - Policies/Procedures
- Office Equipment and Supply
- Property
The document provides context information related to property records and management in a publicly supported library. It states that control records maintained by each library will serve as the property record for hardback-covered bound books with a value of $25 or more, instead of conducting an annual physical inventory. Any missing books will be traced and reconciled, and the library inventory will be adjusted accordingly. The document also defines Operating Capital Outlay (OCO) as equipment, fixtures, and other tangible personal property with a value of $1,000 or more and a normal expected life of one year or more. It further specifies that hardback-covered bound books circulated to students or the general public with a value of $25 or more, and non-circulated hardback-covered bound books with a value of $250 or more, are also considered OCO. The document introduces the roles of the Primary Investigator, who is responsible for property purchased or acquired for a specific grant or contract, and the Property Manager, who supervises the daily operations of the Property Section in the Controller's Office. It defines surplus property as state-owned tangible personal property that is determined to be surplus due to being excess, obsolete, uneconomical, or inefficient for continued use. The Accountable Officer is required to report surplus property to the Property Survey Board. The document also provides definitions for tangible personal property and the Property Survey Board, which is responsible for reviewing survey requests and taking appropriate action on obsolete, lost, stolen, or destroyed equipment and other surplus property. The board ensures compliance with Chapter 273 of the Florida Statutes regarding state-owned tangible personal property.