Capital Outlay. Association designated division faculty shall be consulted on matters of capital outlay, building improvement, or remodeling, and facilities planning and construction in instances in which such matters directly impact the faculty.
Capital Outlay. If Contractor purchases capital outlay, such as furniture or equipment, to accomplish the contract project, title will remain with Contractor for the period of the contract. TOA reserves the right to transfer capital outlay items for contract noncompliance during the contract period, or if the items are needed after expiration or termination of the contract. This provision applies to furniture or equipment purchased by Contractor for the performance of the contract, regardless of price or how the item is classified in Contractor's accounting record.
Capital Outlay. If Contractor purchases capital outlay (furniture and/or equipment) to accomplish the Contract Project, title will remain with Contractor for the period of the Contract. TEA reserves the right to transfer capital outlay items for Contract noncompliance during the Contract period or as needed after the ending date of the Contract. This provision applies to any and all furniture and/or equipment regardless of unit price and how the item is classified in Contractor's accounting record. This provision is applicable when federal funds are utilized for the Contract.
Capital Outlay. The cost of equipment or furniture with a unit cost of $5,000 to
Capital Outlay. The UC and CSU will continue to provide five-year capital outlay plans outlining the capital priorities for each campus. The plans should include projects that provide safe and accessible learning environments for students and the faculty and staff that serve them.
Capital Outlay. If Contractor utilized CITY funds to purchase equipment or other capital items, such items shall become the property of CITY when Contractor no longer utilizes that item or when Contractor terminates their program. If CITY and County of El Dorado funds are used to purchase equipment or other capital items, the items shall become the property of CITY and County of El Dorado on a pro rata basis.
Capital Outlay. All expenditures for furniture, and equipment necessary in the operation of the tax office.
Capital Outlay. With respect to the Capitalization Policy, anything that is capitalized that meets the criteria below is classified as capital outlay and excluded. Capital Outlay expenditures which are recorded in general fund 12, Object Code 73X, Equipment, include all items that are capitalized, and are treated as excluded costs. The following is NJ-DOE’s capitalization policy: Equipment items are any instrument, machine, apparatus, or set of articles (including software) which meets all the following criteria:
1. It retains its original shape, appearance, and character with use;
2. It does not lose its identity through fabrication or incorporation into a different or more complex unit or substance;
3. It is nonexpendable; that is, if the item is damaged or some of its parts are lost or worn out, it is more feasible to repair the item than to replace it with an entirely new unit;
4. Under normal conditions of use, including reasonable care and maintenance, it can be expected to serve its principal purpose for at least one year. The above criteria are adapted from the National Center for Education Statistics (NCES) Financial Accounting for Local and State School Systems, 2009 Edition. One additional point reflected in the NCES supply/equipment decision tree is the capitalization threshold. “If the item exceeds the minimum dollar value mandated by the state or other government unit (with due regard for group control of some items)” and all four of the above criteria have been met, then the item should be classified as equipment. The capitalization threshold for NJ school districts for budgeting, accounting, and financial reporting purposes is $2,000. This threshold does not preclude a district from using a lower threshold for insurance or asset management/management control purposes. An item should be classified as a supply if it does not meet the stated equipment criteria and the cost is not more than the capitalization threshold of $2,000. Governmental Accounting Standards Board (GASB) Statement No. 51, Accounting and Financial Reporting for Intangible Assets is effective for periods beginning after June 15, 2009 and provides guidance on recognizing internally generated computer software as an intangible asset. GASBS No. 51 also provides guidance regarding the application of the specified-conditions approach to the development cycle of computer software. NJ districts are required to present financial statements that are in accordance with GAAP.
Capital Outlay. UniServ office basic equipment and furniture shall be purchased and/or replaced upon prior approval and receipt of invoice by the zone director.
Capital Outlay. The Parties will seek capital outlay funding as necessary from the Louisiana Legislature for projects to improve the Hospitals’ infrastructure.
