# Ohio Admin. Code 3362-4-03: Rule 3362-4-03. Asset management

> Ohio · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_03

## Section

- **Citation:** Ohio Admin. Code 3362-4-03
- **Heading:** Rule 3362-4-03. Asset management
- **Jurisdiction:** Ohio
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Ohio Administrative Code / Agency 3362 / Chapter 3362-4 / Rule 3362-4-03

## Text

111.15 (A) Purpose The purpose of this policy is to ensure the appropriate managerial oversight and authority is established for the effective control, recording, and reporting of the university's assets. (B) Oversight authority and responsibility (1) The chief financial officer will be authorized to oversee the management of assets including setting and/or modifying asset capitalization thresholds considering generally accepted accounting principles, federal grant guidelines, valuations performed by appropriate officials, objective assessments, and practices followed by comparable institutions. (2) The office of the controller will manage the university's asset management program including assuring the accuracy in the recording and reporting of the university's assets as well as monitoring regulations and industry trends to identify the necessity for policy modification. (C) Reporting The board of trustees will be informed of any proposed changes to capitalization thresholds that may have substantial financial implications. (D) Procedures A procedure shall be established that addresses the management of the university's assets. Last updated February 26, 2024 at 8:53 AM Supplemental Information Authorized By: 3362.03 Amplifies: 3362.03 6/5/2001

## Nearby sections

- [Ohio Admin. Code 3362-4-01 Rule 3362-4-01. Purchasing authority](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_01.md)
- [Ohio Admin. Code 3362-4-03 Rule 3362-4-03. Asset management](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_03.md)
- [Ohio Admin. Code 3362-4-04 Rule 3362-4-04. Travel Authority and driving rules](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_04.md)
- [Ohio Admin. Code 3362-4-07 Rule 3362-4-07. Meeting expenditures](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_07.md)
- [Ohio Admin. Code 3362-4-11 Rule 3362-4-11. Cash management](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_11.md)
- [Ohio Admin. Code 3362-4-12 Rule 3362-4-12. University reserves](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_12.md)
- [Ohio Admin. Code 3362-4-17 Rule 3362-4-17. Access to university buildings](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_17.md)
- [Ohio Admin. Code 3362-4-21 Rule 3362-4-21. Use of university facilities and reservation](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_21.md)
- [Ohio Admin. Code 3362-4-23 Rule 3362-4-23. Leaves of absence (paid and unpaid)](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_23.md)
- [Ohio Admin. Code 3362-4-24 Rule 3362-4-24. Administrative employees - employment status and other employment actions](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_24.md)
- [Ohio Admin. Code 3362-4-25 Rule 3362-4-25. Compensation for administrative employees](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_25.md)
- [Ohio Admin. Code 3362-4-26 Rule 3362-4-26. Professional development (degree and non-degree)](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_26.md)
- [Ohio Admin. Code 3362-4-27 Rule 3362-4-27. Administrative employees vacation](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_27.md)
- [Ohio Admin. Code 3362-4-28 Rule 3362-4-28. Administrators and ATSS sick leave](https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_28.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OH_ADC_3362_4_03. Check the current official text before relying on it. Not legal advice.