Equipment Items and Exceptions

INVENTORY UPDATE

The State Auditors Office has updated the criteria for state inventory Effective 06/01/2008.

Please understand that ALL donated and purchased equipment (regardless of state auditor guidelines) is PROPERTY of the University of Southern Mississippi.

The following list and/or dollar threshold is subject to change. If you have any questions about whether an item would be considered equipment for inventory, please contact Purchasing or Property Accounting.

 

EQUIPMENT THAT MUST BE TAGGED AND INVENTORIED

A. Equipment with a cost of $1000 or More

B. EXCEPTIONS to the $1000 rule (ALL considered inventory must be tagged):

  1. WEAPONS
  2. CAMERAS and CAMERA EQUIPMENT WITH A COST OF $250 or More
  3. TWO WAY RADIO EQUIPMENT
  4. TELEVISIONS WITH A COST OF $250 or More
  5. LAWN MAINTENANCE EQUIPMENT
  6. CELLULAR TELEPHONES
  7. MAJOR COMPUTER COMPONENTS:
    • PRINTERS AND MULTI-PURPOSE MACHINES WITH A COST OF $250 or More
    • HARD DRIVES
    • CPU's
  8. IPODS WITH A COST OF $250 OR MORE
  9. CHAIN SAWS
  10. AIR COMPRESSORS
  11. WELDING MACHINES
  12. GENERATORS
  13. MOTORIZED VEHICLES

C. Former Exception Items Now Only Subject to the $1000 Rule:

  1. RECORDERS
  2. MP3 PLAYERS
  3. TYPEWRITERS
  4. APPLIANCES (AIR CONDITIONERS, REFRIDGERATORS, MICROWAVES, ETC...)
  5. VCR'S
  6. STERLING SILVER
  7. SCANNERS
  8. DICTATING EQUIPMENT
  9. ANTIQUES
  10. MODEMS