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
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.