ROWAN UNIVERSITY POLICY 

Title: Disposal of Fixed Assets
Subject: Accounting Services
Policy No: FIN: 2014:01
Applies: University-Wide
Issuing Authority: President
Responsible Officer:

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Senior Vice President for Finance and CFO
Adopted: 01/01/2014
Last Revision:

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12/

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05/2016
Last Reviewed:

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12/

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05/2016

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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Under the direction of the President, the Senior Vice President of for Finance and CFO shall implement the policy and the Director for Accounting Services, the Sr. Director for Contracting and Procurement, and the Custodian shall ensure compliance with the policy.

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