Fixed Assets

Fixed Assets is part of the Treasury function and is responsible for disposing of or transferring surplus equipment, reconciling the sale of equipment fund and reimbursing departments for equipment purchases with available departmental funds.

Fixed Assets is also responsible for reconciling all fixed asset classes, gathering essential information about capital equipment acquisitions for inventory and tagging purposes, facilitating annual departmental inventories, preparing all year-end schedules and journal entries for fixed assets, sales tax, and UNI Agency Account billings.