ROWAN UNIVERSITY POLICY 

Title: Disposal of Fixed Assets
Subject:  Accounting Services                                  
Policy No: FIN: 2014:01                                                                   
Applies: University-Wide       
Issuing Authority:   President
Responsible Officer:   Senior Vice President for Finance and CFO
Adopted:  01/01/2014
Last Revision: 11/12/2018
Last Reviewed:

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11/

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20/2020

I. PURPOSE 

This policy provides guidelines for the transfer, storage, disposal, or sale of surplus University assets in order to ensure compliance with all grant/contract sponsors’ and the University’s requirements. The policy also assigns authority and responsibilities related to implementing, maintaining, and monitoring internal control over University assets.

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1. Rowan University Equipment DispsalDisposal/Adjustment Form
2. NJ State Circular 13-18-DPP, “Disposition of Excess & Surplus Computer Equipment”
3. New Jersey Statutes, Title 18A, Chapter 64, 
4. NJ State Circular 08-03-DPP, “Excess/Surplus Property Procedures” 

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