The Property Policy, 4-OP-D-2-F, is being amended and is currently being noticed until July 18, 2025. The university's capital property threshold (OCO-Operating Capital Outlay) will increase from $5,000 to $10,000 in the updated policy with an anticipated effective date of July 1, 2025. This change is in response recent changes to Board of Governors regulations as well as updates to the U.S. Office of Management and Budget’s Uniform Guidance.
All tangible personal property with a value of $10,000 or more and an expected useful life greater than one year will be recorded in the university's Asset Management System in OMNI.
Purchases of equipment funded by publicly sponsored awards will not transition to the new $10,000 threshold until FSU’s cognizant audit agency approves the FY 26 Facilities and Administrative (F&A) rate agreement, which outlines the university’s plan for implementing this capitalization change. Sponsored Research Administration will communicate an announcement once approval is received from the federal government, along with the effective date of this change. In the meantime, research proposals should continue to include the $10,000 equipment threshold as we anticipate this revision will be implemented in the near future.
The Controller’s Office is currently updating our website to reflect the new capitalization threshold and will provide updates to departmental Property Managers as necessary. For questions, reach out CTL-AssetManagement@fsu.edu.
