The Principal Investigator is responsible for purchasing equipment in accordance with College policy and sending the Grants Administrator a copy of the purchase order as soon as it is completed.
The Controller's Office maintains equipment records, including the following information:
The College will tag new equipment and perform physical inventories once every two years. The Grants Administrator should be notified when equipment is moved from its original location.
Most grants state that title to equipment acquired with grant funds is the property of the College; however in some cases, equipment remains the property of the funding agency. If any questions arise concerning ownership, please contact the Director of Academic Budget and Operations.
Equipment cannot be sold, transferred or otherwise disposed of without instructions from the awarding agency. When this situation arises, the Principal Investigator must consult with the Grants Administrator.