Andy Mueller - Director
What we do:
Responsible for the preparation and monitoring of the College budget
Accounting for research grants
Billing for Graduate Medical Education program
Preparation of student loan government reports
Control of travel budget program
Managing the lease rentals
PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE
ASSET CAPITALIZATION POLICY
The Board of Trustees approved a change in our capitalization policy effective July 1, 2006 as follows:
Equipment or furniture with a unit value of $5,000 or more and a useful life of more than 1 year will be considered a capital item.
For cost associated with a renovation construction project only the construction piece will be considered a capital item provided the total cost is $5,000 or more. All equipment or furniture associated with the renovation \ construction project will be subject to the unit value of $5,000 or more as stated in the above capital equipment \ furniture policy
Generally, the repair must increase the useful life of the asset by at least 2 years past the normal useful life with a minimum cost of $5,000. Due to the complexity of capital repair criteria, please contact the Accounting Department for assistance. Each repair must be reviewed on an individual basis.