Hamline Policies

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Capital Asset Purchases

Owner: Finance

Pertains to: Faculty, Staff, Students

Description: This policy provides a basis for the Accounting Office in the processing of capital purchases and the appropriate tracking and recording of capital assets in accordance with Generally Accepted Accounting Principles (GAAP). All employees have an obligation to act responsibly in connection with University funds and assets and to act only within the parameters of their fiscal authority. Each school and administrative unit purchasing capital assets must ensure that the following policy is implemented and basic internal control procedures are adhered to.

Details: Capital Purchasing Policy - Login Required