OFFICE OF THE UNIVERSITY CONTROLLER
SCHEDULE OF COLLECTIONS, WORKS OF ART AND HISTORICAL TREASURES
In order for items to be considered for capitalization they must meet the following criteria:
i) Held for public exhibition, education or research in furtherance of public service, rather than financial gain.
ii) Protected, kept unencumbered, cared for and preserved.
iii) Subject to an organizational policy that requires the proceeds from sales of collection items to be used to acquire other items for collections.
If the campus owns works of art or historical treasures that meet the criteria above, are all of these items included on the State fixed asset accounting system? If yes, further information is not required and indicate “N/A” below. If not, please provide the following information.
Collections, Treasures, Artwork
Reported at June 30 (prior year) $
Current Year Activity:
Value at June 30 (current year) $