Student Financial Services

Frequently Asked Questions
• Students & Parents
• Faculty & Staff
• Student organizations 

Accounts Payable

Budget & Financial Planning

Endowment & Trusts

External Financial Reports

Projects & Fixed Assets

Grants

Insurance

Monthly Reporting

Payroll

Policies & Procedures

Forms

Glossary

Feedback & Questions

Contact Us

Projects

Project Summary Request Form (XLS )
Use this form to request new or additional project funding. Submit this form to Jennifer Killingsworth at killinjl@wfu.edu when it is completed.

Project Questions
If you need to ask a question dealing with project issues, please contact Jennifer Killingsworth at killinjl@wfu.edu or (336) 758-4088. Documents can be faxed to (336) 758-3770.

Fixed Assets

Summary of Fixed Assets 
An item is considered a capital or fixed asset if it is owned or considered owned by the university, is held for operations for more than one year and its acquisition value is $5,000 or more individually or operating unit for equipment; $50,000 or more aggregate of project costs for buildings and building improvements. All land is considered a capital asset. Capital assets are recorded at cost at date of acquisition for purchased items. Donated items are recorded at fair market value on the date received. Interest on borrowings used to finance facilities is capitalized during construction, net of any investment income earned through the temporary investment of project borrowings. Depreciation is calculated on the straight-line basis over the estimated useful life of each class of depreciable asset. Estimated lives range from 3 to 40 years.  Since land does not have an estimated useful life, it is not depreciated.

Account Numbers (PDF )
Listing of standard account numbers used for capital assets

Departmental Property Administrator (DPA) Information

• DPA Listing (PDF )
  
• Inventory Flow Chart (PDF )
  
• Is This A Fixed Asset Purchase? (PDF )
  
• Capitalization Decision Chart (PDF )
  
• Fixed Assets Policy & Procedures (PDF )
  
• DPA Training Presentation (PDF )
• DPA Training Summary (PDF )
  

Form Links

• Departmental Property Administrator Authority Form (PDF )
• Fixed Asset Update Form (PDF )
• Bill of Sale (PDF )
• Fixed Asset Addition Checklist (PDF )
• Equipment Loan Authorization (PDF )
• Equipment Location Record (PDF )
• Off-campus Equipment Verification Worksheet (PDF )
• Mortgage Note Receivable (PDF )
• Non-taggable Asset Form(PDF )

Fixed Asset Questions
If you need to ask a question dealing with fixed assets, please contact Kathryn Hackworth at hackwok@wfu.edu or (336) 758-4096. Documents can be faxed to (336) 758-3770.