BPPM Revision Memorandum

 

August 7, 1998

TO:	Manual Users
FROM:	Ralph Jenks, Manager
SUBJECT:	Business Policies and Procedures Manual Revision Letter Number One Hundred Twenty-Five

 

This BPPM revision includes the following changes:

Property Inventory 20.50

This revision clarifies responsibilities regarding physical inventories for sponsored agreements and includes subcontractors in the physical inventory process. Additional descriptions for “small and attractive” items are provided.

Expenditure Objects and Subobjects 70.09

This revision updates objects 06 and 16 to reflect a $5,000 minimum for capitalized equipment and adds a definition for object 18.