Property Control Tags
Property Control Tags
Who Completes This Task: Clerk or Inventory Manager
Process
Items purchased with SPPS funds that require an inventory tag (also called asset tag or property control tag) are tracked through PeopleSoft. If a tag is needed, contact Kim Hurlburt in the Business Office.
If an asset tag is peeling off, write the numbers on the item itself with a sharpie. It won’t be able to be scanned with a barcode scanner, but the number will be accurate.
Criteria
- Capitalized equipment
- Portable and attractive supplies
- Supplies purchased with Title I funds
See the Equipment and Supply Quick Guide if further clarification is needed.
Steps - Acquired Through Purchase Requisition
- Use the Purchase Requisition procedure
- Be sure to complete the “asset details” section when entering the receipt
Steps - Automated Process
- Select Items, such as computers, come with an inventory tag affixed to them
- Tags are attached by vendors prior to shipping
- Tags are recorded in PeopleSoft by asset management staff
Steps - Acquired Through P-Card
- Use P-Card for purchase
- Manually record the asset details in PeopleSoft
Documentation Required
Property tag information must be recorded in PeopleSoft
Why This Is Important
- It’s the law (see 2 CFR 200.311-313,)
- Account for items purchased with public funds
- Safeguard SPPS assets
- Inventory control and loss prevention
Related Topics
Portable and Attractive Supplies