Mississippi Administrative Code
Title 25 - Military and Veterans - Veterans' Home Purchase Board
Part 102 - Organization
Chapter 3 - Operation of Organization
Rule 25-102-3.7 - Fixed Asset Accounting Policies

Universal Citation: MS Code of Rules 25-102-3.7

Current through September 24, 2024

The State Veterans Affairs Board has implemented the TRACK computerized inventory bar code and scanning system to assist in maintaining a complete and current inventory of property items that cost $500.00 or more and for the following items: (1) Weapons (2) Cameras and Camera Equipment (3)Tape Recorders (4) Two-Way Radio Equipment (5) Typewriters (6) Appliances (refrigerators, freezers, air conditioners, stoves, microwave ovens, etc.) (7) Televisions, VCR (8) Lawn Maintenance Equipment (9) Sterling Silver (10) Cellular Telephones (11) Computers and computer Equipment Chain Saws (12). Mr Compressors (13) Welding Machines (14) Generators (15) Motorized Vehicles (16) Dictating Equipment (16) Antiques. The TRACK system will aid in internal and State Property Control Division audits of our property inventory.

A. Responsible Parties.

(1) Each division director will be responsible for the equipment items located in their division. This responsibility includes doing periodic visual checks of equipment in their areas as well as informing the agency property officer of additions of equipment, repairs, disposals, and missing items as prescribed in the procedures listed below.

(2) Equipment items such as pagers, cellular phones, and laptop computers will be assigned to specified employees. Employees assigned these items may be held financially responsible in the case of loss of, theft of, or damage to these items.

B. Internal Audits.

(1) The agency's property officer and a designee will conduct an annual physical audit of all agency equipment to identify all equipment items.

(2) The maintenance supervisor at each of our nursing homes will do a complete physical audit of all maintenance equipment on a monthly base. If any items are missing, the supervisor is to follow the procedures listed below for reporting missing equipment:

Miss. Code Ann. § 35-1-25 and § 35-1-27 (Rev. 2007).

Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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