It is the responsibility of business services to make certain that college owned property is adequately protected and that its use is properly managed. The purpose of this section is to establish guidelines to ensure accurate records of assets owned, purchased, replaced or disposed of are maintained. 

The objectives are:

• To manage and maintain the capital asset portfolio of the college which includes land, buildings, building improvements, machinery, furniture, equipment, vehicles, works of art, infrastructure, and construction in progress. 
• To determine the appropriate depreciation method to use in accordance with Generally Accepted Accounting Principles (GAAP). 
• To provide the college with accurate record keeping for inventory and financial reporting purposes.