Approval Date: 2005-12-08

Effective Date: 2005-12-08

Responsible Unit: Department of Facilities Management

Procedure for Revenue Distribution

1. FM directs all funds generated from the disposal of surplus property to the originating department’s operating budget when the amount exceeds $1,000. Actual disposal costs will result in a reduction in the amount due.

2. All interdepartmental sales will be recorded by journal entry. Certified cheques or cash are required for external sales.

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