Procurement and Contract Services
Procurement and Contract Services
Physical Address: USM Property Control Division 2601 West 4th Street Hattiesburg, MS 39401
Mailing Address: USM Property Control Division 118 College Drive# 5086 Hattiesburg, MS 39406
A. Equipment with a cost of $1,000 or More
B. EXCEPTIONS to the $1,000 rule (ALL considered inventory and must be tagged):
C. Former Exception Items Now Only Subject to the $1,000 Rule:
Fixed Asset Requirements
All universities are required to maintain a complete and current inventory list of each property item that costs $1,000.00 or more unless the items purchased fall within the exceptions listed above. These items will be reported and tracked.
The fixed asset reporting system has two major functions. It provides statewide information applicable to property (fixed assets) owned by each state agency and it ensures that the agencies are reconciling their financial records with the records of the Office of the State Auditor, Property Division.
Property Accounting & Receiving
Property Accounting & Receiving maintains the official equipment inventory for the
University. Property Accounting submits to the Office of the State Auditor, monthly
transactions reports by the 15th of each month. Additional responsibilities of Property
Accounting & Receiving include, but are not limited to, the following:
Department
Department heads are responsible and accountable for all equipment listed on the department's
inventory record. Additional departmental responsibilities
include, but are not limited to, the following:
Bill%20Bailey, Property Control Manager, 601.266.4302
Vacant, Property Accounting Supervisor
Charles%20Thompson, Senior Property Clerk, 601.266.6274
Michael%20Keene, Receiving and Warehousing Supervisor, 601.266.5431
Becky%20Riles, Inventory Clerk, 601.266.4658
Gavin%20Clinton, Distribution Specialist, 601.266.5431
Dezzion%20Smith, Distribution Specialist, 601.266.5431
Charles%20Carter, Part-Time Distribution Specialist, 601.266.5431
Fax 601.266.6137