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  • Open Comment Period: May 1-15, 2019

    May 1, 2019 8:30 am by OBFS POLICY ADMINISTRATOR

    Equipment Reporting Threshold Policy Updates

    Welcome to the Office of Business and Financial Services Open Comment Blog!

    The Office of Business and Financial Services is hosting an open comment period, beginning May 1 and closing May 15 at 5 p.m. CT. In this open comment period updates to equipment reporting threshold policies are presented.

    The updates proposed are to existing threshold policies that reference equipment reporting threshold, 7.3, 12.1.2, 12.1.6, 12.1.7, 12.1.8, 12.3.7, 16 Sponsored Projects Cost Principles, and 16.1.4. These changes increase the equipment reporting threshold from $500 to $1000.

    The open comment period allows stakeholders to provide input and ask questions about specific policies that affect University of Illinois System business and their work. 

    Contact: For questions contact OBFS Policies at (312) 585-9049 or obfspolicies@uillinois.edu.

    The proposed updates can be viewed by downloading the hyperlinked PDF document below. All the updates are presented in an Italicized and Bolded format.

    Equipment Reporting Threshold Updates

    To leave feedback, please use the "Add Comment" link below. On the next screen, choose the "Sign in with my NetID" option and log in with your University credentials. Comment moderation is enabled. Your comment will not appear until approved.

    You may also submit a comment without posting to the feedback board by contacting obfspolicies@uillinois.edu.

     

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    Comments

    shelmadi@illinois.edu May 15, 2019 1:23 pm

    Will the items on inventory be dropped from banner that are $500-$1000 so they will not appear on our inventory list?

    rchamber@uic.edu May 3, 2019 11:03 am

    I believe raising the threshold is a good idea and I vote yes.

    I believe that since this threshold increase will greatly reduce the number items requiring P-tag, the resource time spent on inventory will also be reduced, saving the departments and the unversity money, (if the spare time is used wisely). 

    Does the department still have the option of tagging items like laptops and ipads, adding to its inventory? These items may well likely be under $1,000 but we want to have the option of tagging.  In the past, the Library has had to tag hundreds of student chairs along with hundreds of tables and study carrels. These items are stationery from year-to-year. We tend to me more concerned with the smaller items that we can link directly to a faculty or staff member who may request it.

     

    wesley12@uic.edu May 2, 2019 3:38 pm

    How will this affect furniture or is it just for "equipment"? Specifically the requirement for affidavits on furniture items costing over $500?