Specific object codes were created help state agencies track capital and non-capital equipment purchases. More information can be obtained by contacting Marcie Whisenhunt at extension 3112.
Non-consumable property that is owned or received by A&M-Texarkana. The three areas of concern are capitalized, controlled and non-controlled.
Asset value must be recorded at the actual cost of the asset plus all costs required when placing the asset into service, such as freight and other related professional expenditures incurred in the purchase of the item.
Remember "UNIT COST" when determining your object code!!
Object codes specified for equipment with a unit cost of $ 5,000 or more with a useful life of at least one-year must be recorded as a capital asset in FFX.
|8410||Motor Vehicles-Passenger Cars||Cost $5,000+|
|8415||Motor Vehicles-Other||Cost $5,000+|
|8420||Classroom Teaching Aids||Cost $5,000+|
|8421||Office Furnishings and Equipment||Cost $5,000+|
|8422||Medical, Science & Lab Equipment||Cost $5,000+|
|8423||Specimens and Collections||Cost $5,000+|
|8424||Other Institutional Furnishings and Equipment||Cost $5,000+|
|8425||Shop and Industrial Equipment||Cost $5,000+|
|8426||Marine Equipment||Cost $5,000+|
|8430||Purchase of Aircraft||Cost $5,000+|
|8435||Computers and Related Equipment||Cost $5,000+|
|8440||Computer Software||Cost $5,000+|
|8445||Telecommunications - Equipment||Cost $5,000+|
|8450||Fabrication of Equipment||Cost $5,000+|
In addition, A&M-Texarkana is required by the state to control certain items with a unit cost more than $500 but less than $5,000.00. These items are considered to be highly susceptible to theft or misuse. These items are controlled in the FFX system, but are not recorded as a capital asset. Object codes 5775-5799 are for controlled items. Examples of controlled equipment are computers, printers, projectors, etc. Please note that firearms are always controlled regardless of cost. A specific list of these assets are provided below.
Note: These codes are NOT for consumable purchases.
|5775||Firearms (Handguns/Rifles)||Cost $ 0 - $4,999|
|5777||FAX Machines||Cost $ 500 - $4,999|
|5780||Stereo Systems||Cost $ 500 - $4,999|
|5781||Cameras||Cost $ 500 - $4,999|
|5782||VCR's and Television||Cost $ 500 - $4,999|
|5783||Projectors (Agency Controlled)||Cost $ 500 - $4,999|
|5785||Cash Registers (Agency Controlled)||Cost $ 0 - $4,999|
|5787||Computers and Microcomputers||Cost $ 500 - $4,999|
|5788||Printers (for computers)||Cost $ 500 - $4,999|
|5797||Scanners and Monitors||Cost $ 500 - $4,999|
FAMIS object codes 5750-5774 are specified for non-controlled equipment with a unit cost of $ 0 to $ 4,999.00. The below category offers object codes for specific items with specific amounts.
Only apply these objects when the description fits. Check object codes for consumable purchases if necessary.
|5750||Office Furniture & Equipment||Cost $0 - $4,999|
|5751||Medical & Lab Equipment||Cost $0 - $4,999|
|5752||Institutional Furniture & Equipment||Cost $0 - $4,999|
|5753||Shop and Industrial Equipment||Cost $0 - $4,999|
|5754||Marine Equipment||Cost $0 - $4,999|
|5755||Uniforms & Clothing||Cost $0 - $4,999|
|5760||PC Equip/External Add On/Peripherals (Not CPU)||Cost $0 - $4,999|
|5761||Computer Software||Cost $0 - $4,999|
|5765||Educational Books, Film & Ref||Cost $0 - $4,999|
|5770||Telecom-Equip Purchase||Cost $0 - $4,999|
|5772||Fabrication of Equip||Cost $0 - $4,999|
Object codes for consumable supplies and other material purchased can be found in this object code range.
Please do not hesitate to e-mail your questions to Marcie.Whisenhunt@tamut.edu