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SWOSU Devices - Purchasing Procedures Policy & State Inventory Requirements
Based on the University’s Purchasing Procedures, all grants sponsored by Southwestern Oklahoma State University are required to follow established University purchasing policies and processes. Compliance with these procedures is mandatory regardless of funding source, and all grant-related purchases must adhere to the same standards, approvals, and controls outlined in the University’s published policies.
In addition, the Oklahoma Office of Management and Enterprise Services (OMES) requires that state-owned assets be reported for inventory purposes. Because equipment purchased with University-administered grant funds is considered property of the State of Oklahoma, all such devices must be recorded and reported to OMES in accordance with state inventory requirements.
Links reference below:
Policy: https://bulldog.swosu.edu/publications/policies/business-services/purchasing/purchasing-procedures.php
OMES Inventory Asset: https://oklahoma.gov/omes/divisions/central-accounting-reporting/finance-center-of-excellence/inventory.html