OFM Definitions

Inventorial Fixed Assets

Excludes:

1. Land, buildings and equipment permanently attached to, or an integral part of, a building or structure.
2. Keyboards / Computer mouse & UPS power supplies (unless $5000 or more) (Commodity Code 7035).

Includes:

1. Office equipment, machine tools, leasehold improvement, motor vehicles, and all other items with a purchase cost of $5,000 or more. Purchase cost includes transportation charges, sales tax, installation costs, and any other normal and necessary costs required to place the asset in its intended state of operation.
2. All cellular phones.
3. Small and attractive assets costing $300 or more that are considered vulnerable to loss (SAAM Manual, Section 30:40:10)

See “When To Tag List” for more details