Financial Services and Operations

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.

Property—Real Estate

All inquiries regarding real estate property transactions should be directed to the Associate Vice President for Administration. Real estate transaction types may include:

  • Real property sales
  • New leases and renewals
  • Real property purchases
  • Real property donation
  • Easements

Please call Administration (906-487-3348) with your inquiry.

Related to real property, please be aware of the Board of Trustees Policy 11.13 Signing Contracts and Other Legal Documents.

Signatures will be routed by Administration to the appropriate signatory:

  • Easements received from another party can only be signed by the University President, Secretary, or Treasurer.
  • Rentals and leases, to and from other parties, can only be signed by the University President, Chief Financial Officer and Senior Vice President for Administration, Vice President for Research, Secretary, or Treasurer.

Please Note: Individual faculty, Chairs, and Deans are not authorized to sign real property documents.