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Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. Organizations face a significant challenge to track the location, quantity, condition, and maintenance of their fixed assets.
E-Rate program guidelines requires assets purchased with program funding be installed in the specified locations and remain in place for a period of three years. There are provisions for transferring and disposal of E-Rate funded equipment. It is recommended that applicants use some form of asset tagging, often labels with bar codes, to track E-Rate assets. They should also be clearly identifiable within any fixed asset software. Program guidelines govern E-Rate assets, which may be different from the applicant's normal asset handling timelines.
E-Rate Elite can review your asset management policies and procedures for program compliance and make recommendations to optimize your process. Asset management is essential to planning future technology projects. The Funding Year 2015 changes to Category 2 (formerly Priority 2) funding have increased the need to be strategic when applying for infrastructure funding. E-Rate Elite has managed hundreds of millions in equipment funding and will guide you through the strategic planning process when leveraging E-Rate funding for your projects.