25 Miss. Code. R. 102-3.7 - Fixed Asset Accounting Policies

MSVA will conduct an annual current inventory of property items that cost $ 1,000.00 or more and for the following items:

(1) Weapons

(2) Cameras and Camera Equipment (greater or equal to $250.00)

(3) Televisions (greater or equal to S250)

(4) Two-Way Radio Equipment

(5) Appliances (refrigerators, freezers, air conditioners, stoves, microwave ovens, etc.)

(6) Lawn Maintenance Equipment

(7) Cellular Telephones

(8) Computers and Computer Equipment (over $250.00)

(9) Chain Saws

(10) Air Compressors

(11) Welding Machines

(12) Generators

(13) Motorized Vehicles.

A. Responsible Parties.

(1) Each division director will be responsible for the equipment items located in their division. This responsibility includes doing periodic visual checks of equipment in their areas as well as informing the agency property officer of additions of equipment, repairs, disposals, and missing items as prescribed in the procedures listed below.

(2) Equipment items, such as cellular phones and laptop computers, will be assigned to specified employees. Employees assigned these items may be held financially responsible in the case of loss of, theft of, or damage to these items.

B. Internal Audits.

(1) The agency's properly officer and a designee will conduct an annual physical audit of all agency equipment to identify all equipment items.

(2) The maintenance supervisor at each of our nursing homes will do a complete physical audit of all maintenance equipment on a monthly basis. If any hems are missing, the supervisor is to follow the procedures listed below for reporting missing equipment:

Notes

25 Miss. Code. R. 102-3.7

Miss. Code Ann. § 35-1-25 and Miss. Code Ann. § 35-1-7 (Rev. 2024).

Amended 10/20/2024