For Non-Sponsored and State Budgets
The purchase order date will determine which threshold will apply. The $2,000 threshold will apply in cases where a purchase order has been fully executed (EI or BPO number issued) prior to July 1, 2016, with the equipment object code “06” regardless of when the equipment is paid for and/or received. We will continue to depreciate these items until they are fully depreciated or disposed of (asset retirement), then remove them from the inventory system.
Purchase orders executed on or after July 1, 2016 will be subject to the new $5,000 threshold.