Purpose
Standardize the solution to provide the enterprise with the ability to manage large fixed assets.
Standard
- PeopleSoft Financials and Supply Chain Management (FSCM) from Oracle; will be used to fulfill fixed asset management where the value is over $5,000.
Definitions
Fixed Asset - Fixed asset inventories include five distinct classes: Equipment, Construction-in-Progress, Buildings and Building Improvements, Infrastructure and Land and Land Improvements. Refer to "OMB Fiscal & Administration Policies" appendix A for further description.
Scope
This standard applies to all executive branch state agencies including the University Systems Office but excluding other higher education institutions, i.e. campuses and agricultural and research centers.
Statement of Commitment
North Dakota's CIO/CTO directs that IT Policy be created to establish statewide information technology policies and standards as defined within ND Century Code (Chapter 54-59-09).
Non-Compliance
Non-compliance with this standard shall be reported to the Office of the State Auditor.