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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.
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):
- WEAPONS
- CAMERAS and CAMERA EQUIPMENT WITH A COST OF $250 or More
- TWO WAY RADIO EQUIPMENT
- TELEVISIONS WITH A COST OF $250 or More
- LAWN MAINTENANCE EQUIPMENT
- CELLULAR TELEPHONES
- MAJOR COMPUTER COMPONENTS:
- PRINTERS AND MULTI-PURPOSE MACHINES WITH A COST OF $250 or More
- HARD DRIVES
- CPU's
- CHAIN SAWS
- AIR COMPRESSORS
- WELDING MACHINES
- GENERATORS
- MOTORIZED VEHICLES
C. Former Exception Items Now Only Subject to the $1000 Rule:
- RECORDERS
- IPODs
- MP3 PLAYERS
- TYPEWRITERS
- APPLIANCES (AIR CONDITIONERS, REFRIDGERATORS, MICROWAVES, ETC...)
- VCR'S
- STERLING SILVER
- SCANNERS
- DICTATING EQUIPMENT
- ANTIQUES
- MODEMS
COMMON EQUIPMENT ACCOUNT CODES:
| ACCT | EQUIPMENT |
|---|---|
| 608290 | Weapons |
| 608290 | Cameras and camera equipment |
| 608210 | Tape recorders |
| 608260 | Two-way radio equipment |
| 608210 | Typewriters |
| 608290 | Appliances (refrigerators, freezers, air conditioners, stoves, microwave ovens, etc.) |
| 608260 | Televisions, VCRs |
| 608290 | Lawn maintenance equipment |
| 608290 | Sterling silver |
| 608290 | Cellular telephones |
| 608250 | Computers and computer equipment |
| 608290 | Chain saws |
| 608290 | Air compressors |
| 608290 | Welding machines |
| 608290 | Generators |
| 608220 | Motorized vehicles |
| 608210 | Dictating equipment |
| 608290 | Antiques |
