Equipment will be inactivated in the inventory records due to theft or casualty incidents.
Required Process:
- Department must:
- Notify the Police Department and the Office of Risk Management.
- Submit the Equipment Loss Form to the Financial Reporting Office.
- The Police Department and the Office of Risk Management investigate the incident and file insurance claims as appropriate.
- The Financial Reporting Office inactivates the equipment in the database after receiving the form.
- 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.
- ETF items meeting the threshold must be replaced.