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:

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 6/

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26/

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2023
Last Reviewed:

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 8/

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23/

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2024

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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