What if I purchase something with KUEA or KUCR funds - are those items placed on inventory?
Equipment or construction projects funded solely with KUEA funds are typically transferred to KU by KUEA. Departments that receive an “equipment transfer” from KUEA will be sent an informational request form from Accounting Services. Since the information that KU receives from KUEA regarding equipment transfers is extremely limited, we are reliant upon departments to provide detailed information including but not limited to model, manufacturer, serial number, location. Departmental equipment coordinators are responsible for completing this form and returning it immediately to Accounting Services so that the item can be added to the University’s central asset system.
Equipment or construction projects funded solely with KUCR funds are typically considered KUCR property and will be tracked on KUCR’s asset system.
Equipment or construction projects funded with a combination of State, KUEA and/or KUCR funds are considered state property and will be tracked by Accounting Services.