Theft or Casualty Losses

Equipment will be inactivated in the inventory records due to theft or casualty incidents.

Required Process:

  1. Department must:
  2. The Police Department and the Office of Risk Management investigate the incident and file insurance claims as appropriate.
  3. The Financial Reporting Office inactivates the equipment in the database after receiving the form.
  4. Financial Reporting cannot remove items from the database until the incident has been reported to and processed by the Office of Risk Management and/or University Police.
  5. ETF items meeting the threshold must be replaced.

For Questions: