Property Management and Disposal
From September 1, 2020, through April 30, 2022, the University had approximately
$1.2 billion in active property assets (less accumulated depreciation). The
majority of that amount (approximately $912 million) was buildings, construction,
and land. The University had processes and related controls over its active
property assets to help ensure compliance with state laws and other applicable
requirements. The University also maintained accurate records for property that
was disposed outside of its surplus process.