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An Audit Report on Property and Surplus Management at Texas Tech University

December 2022


Texas Tech University (University) has established processes and related controls over its property assets to help ensure compliance with state laws and other applicable requirements. However, the University should strengthen controls over surplus property, improve its process to follow-up on property reported as missing, and reconcile its vehicle data to help ensure the accuracy of its reporting of fleet vehicles to the Office of the Comptroller of Public Accounts.