Overview

 This procedure details how Fleet should be disposed of and how the sale of surplus assets is directed. 

Procedure

 1. The Operating Unit must notify Facilities Management via fleet@mun.ca when they wish to dispose of a Fleet Unit. Fleet disposal by trade, sale, or auction will be coordinated by the Fleet Lead in consultation with Facilities Management at each campus, and in accordance with the Procedure for Declaration and Disposal of Surplus Assets. 

 2. Certified cheques or cash are required for external sales. Facilities Management will direct all amounts generated from the disposal of Surplus Assets to the originating Operating Unit’s operating budget when the amount, less the disposal costs, exceeds $1,000. The amount is recorded by journal entry.

 3. If the disposal is for a surplus asset purchased with research grants or contract funding, any applicable guidelines for distribution of proceeds must be followed.

 4. The Fleet Lead will arrange the cancellation of Fleet Unit insurance.