Unlocatable or Stolen Equipment
Reporting Unlocatable or Stolen Equipment
Casualty loss - If equipment is destroyed or irreparably damaged through fire, flood, or accident, it is considered a casualty loss. Please see Lesson 3: Other Disposals and Presumed Disposals of FA103 FABweb Transfers and Disposals.
Unlocatable Equipment - If an item of equipment cannot be found after a thorough search, such as during biennial inventory, it is considered unlocatable. Unlocatable equipment may be removed from the official property record if certain conditions are met. Please see Lesson 3.2: Other Disposals and Presumed Disposals for disposal instructions.
Stolen equipment - Units must immediately report stolen equipment to the police and provide them with a complete description of the equipment, including the property control (PTag) number and the manufacturer's serial number. Please see Lesson 3.2: Other Disposals and Presumed Disposals for disposal instructions.
Approval for disposal of unlocatable or stolen sponsor-titled equipment must be obtained from campus Grants and Contracts before the FABweb disposal request is submitted to University Property Accounting and Reporting. See Unlocatable and Stolen equipment sections above for disposal information. See contact information on the Grants & Sponsored Projects Who To Ask page to obtain Grants and Contracts approval.
Replacement of Equipment
Unlocatable or stolen equipment can be replaced only with funds obtained from the unit unless eligible for alternate funding. The sponsoring agency may require restitution for unlocatable or damaged equipment acquired with grant and contract funds. See Section 16.1.4 - Equipment, Equipment Leases, and Expendable Supplies
Department heads are responsible for determining if restitution is appropriate from an individual for unlocatable or stolen equipment. Equipment Loan forms are required when individuals borrow or take custody of equipment outside of University premises. Individuals may also be asked to reimburse the University if:
- Equipment was misplaced or damaged because of neglect while in their care
- University property was used without being granted explicit or implicit departmental knowledge or authorization
For more information, see Section 12 of the Business and Financial Policies and Procedures manual.
Suggestions for maintaining security over University property include:
- Avoid leaving offices or laboratories unlocked while unattended
- Lock small and valuable equipment in cabinets and drawers when not in use
- Keep a record of description, serial number and custodian of non-inventoried equipment within the unit
It is recommend that individuals working on equipment management to complete the FA103 FABweb Transfers and Disposals course. Please see Training section to find out what courses are offered or find job aids and other training materials.
Last Updated: June 30, 2015