FCR 10 Disposal of Personal Property FY 23 (2).pdf

The document outlines a recommendation for the Board of Trustees to approve a plan for the disposal of personal property with a value less than $25,000 for Fiscal Year 2022-23. It includes various categories of items such as equipment, machinery, supplies, vehicles, library books, livestock, recyclable materials, items with no future use, and equipment from the Smart Campus Initiative. The methods of disposal range from public auctions to transfers to other entities as listed in Administrative Regulation 8:1. Reasons for disposal include depreciation, obsolescence, program changes, and termination. Non-routine dispositions require specific approval from the Board of Trustees. The plan aims to provide an efficient process for disposing of property below the specified value threshold.