State and University System of Maryland (USM) policies govern the disposal of Towson University property, such as furniture and equipment. The specific procedures and departmental responsibilities for receiving, maintaining and selling, donating, trading or otherwise disposing of TU property are listed below. Employees can request property disposal and moving, as well as report changes to property status through their department's inventory coordinator, which is typically the administrative assistant.
Departments are expected to report changes to Property Records using the Material Management service request, assist in biennial Property Records audits and maintain a record of sensitive equipment with a value of $2,500 to $4,999.99. Sensitive equipment is any desirable item that it adaptable to personal use, and thus susceptible to theft. Examples include televisions, cameras, computers and cell phones. Departments should maintain a list of serial numbers for these items and use the sensitive equipment record form to track their location. Departments must perform and document a complete physical inventory of sensitive equipment at least once every three years.
|Receiving property with a value greater than $500
|Reporting stolen or missing property
|Disposing of property
|Trading in old property
|Selling surplus property
|Donating old property to a not-for-profit organization
|Obtaining surplus property