Assets Management

The primary functions of Assets Management include:

  • maintaining records for the identification and location of institutional equipment; and
  • arranging for disposition of surplus equipment.

Most non-consumable property, with a value of $5000 or more, regardless of source, is subject to the property inventory procedures of Rutgers University.

Assets Management is involved during three phases of your equipment's life cycle.

  • Acquisition
  • Inventory
  • Disposal

Assets Management Does:

  • Maintain records for the identification and location of capital equipment.
  • Arrange for the disposition of surplus equipment.
  • Warehouse excess and/or obsolete equipment pending final disposition through salvage scrap or transfer.
  • Tag equipment over $50,000 and mails the tags for equipment under $50,000, which is delivered to your department.
  • Reissue equipment to departments within the university and other outside agencies.
  • Conduct periodic audits of your department's equipment.

Assets Management Does Not:

  • Coordinate the repair of equipment. This is the responsibility of the user department.
  • Place equipment on a maintenance agreement. This is initiated by the user department by submitting a Purchase Requisition to University Procurement Services.
  • Physically relocate equipment for you. This is a function of Transportation/Housekeeping.
  • Investigate stolen equipment. This is a function of the Rutgers University Police Department. (Assets Management should be contacted when equipment is moved or stolen.)

Disposal Procedures

Download the PDF of disposal procedures for all equipment. Submit a complete, itemized list of eqiupment for disposal to Vijya Patel.