Property and Plant Accounting

Property Accounting

This group manages the University’s physical property in order to protect investments in capital equipment and property, to receive federal funds for research, and to support the indirect cost recovery associated with assets.

Michigan Technological University, not individual units, departments, or divisions, owns and controls all property purchased by, donated to, or entrusted to the University. Those holding property are responsible for compliance as established in the Property Management Operating Procedures Manual.

Plant Accounting

This group accounts for the acquisition, construction, and maintenance of the University’s physical plant—including land, buildings, equipment, and other tangible items—and manages these assets.

For information on capitalization of plant fund assets, componentization, and guidelines, read the Plant Fund page.