This document describes the flow of property through the Research Foundation (RF) management process. The flow chart that is a part of this document presents a graphic view of the property management process.
Property is first acquired; then it is used and maintained during its service life; and, finally, it must be disposed of. There are many ways to acquire property, many changes that may occur to property during its service life, and many channels for property disposition.
Property may be acquired in the following ways:
All of this property should receive decals for identification and should be recorded on various databases for management purposes. Documents in the Administrative Procedures: Acquisition Section of this manual discuss the procedures for tagging, database entry, inventory, and sponsor reporting for newly acquired property.
Once property has been acquired, many changes can occur that may necessitate changes in tagging and/or database records. These changes include:
At the end of its service life, property must be disposed of through various procedures. These procedures include:
For a pictorial view representation of the property management process review: RF Property Management Overview Process Diagram.
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