New Threshold - What will happen to the assets under $5,000 in the fixed asset system (OASIS)?

The equipment assets under $5,000 acquired prior to July 1, 2016 will remain active in the OASIS fixed asset system, until they are fully depreciated.  These assets will have a new title and the asset information will continue to be available to departments through the OASIS ad hoc reporting function.  After July 1st, these items will no longer be included in the physical inventory process.