1480 Nashville Pike
Gallatin, TN 37066
www.volstate.edu
Surplus Property
Transaction Form
Custodian Signature:
Date: Department Head/Dean/VP Signature:
Date:
Tag
Current Location
(Campus/Building/Room)
Description (Model, Serial Number, Etc. -
attach additional sheets if necessary)
Disposition (one
type per sheet)
Make a copy for your records. See Workflow on the following page.
Custodian:
Custodial Department:
Telephone/Extension:
Date:
Description of disposal method, scrap/recycle method or comments about the surplus assets.
Plant Operations Signature #1 Date: Plant Operations Signature #2: Date:
Plant Operations: Check One: Trash/Disposal Scrap/Recycle Hold for Sale
VP, Business and Finance Signature:
Date: Surplus Property Admin. Signature: Date:
Sell/GovDeals
Sell/GovDeals
Sell/GovDeals
Sell/GovDeals
Sell/GovDeals
Sell/GovDeals
Sell/GovDeals
Sell/GovDeals
Sell/GovDeals
Sell/GovDeals
click to sign
signature
click to edit
click to sign
signature
click to edit
click to sign
signature
click to edit
click to sign
signature
click to edit
click to sign
signature
click to edit
click to sign
signature
click to edit
Surplus Property Workflow
Step
Responsible
Party
Form
(Each party to retain copy of form for records)
Asset
1
Custodian
1) Create Form
2) Label items as follows:
a) Trash/Disposal
b) Scrap/Recycle
c) Sell/GovDeals
Remains until Surplus Property Admin arranges
for pickup by Plant Ops.
2
Dept
Head/Dean/VP
1) Approved
2) Not approved, return to Custodian
3
VP, Business &
Finance
1) Approved
2) Not approved, return to Custodian
4
Surplus
Property
Admin
Trash/Disposal
Scrap/Recycle
Contact Plant
Ops; arrange
for disposal
Contact Plant
Ops; arrange
for sale as
scrap.
Custodian
and obtain
asset
Custodian to provide:
1. Detailed description to include (all that
apply): manufacturer, model, year of
manufacture, serial number, mileage or
hours, and condition (working, non-
working), etc.
2. Is the item in working condition or not?
3. Does this item have any monetary
value? Estimated selling price?
4. Would this item be of interest to
collectors?
5. Does this item pose any environmental
issues?
6. Pictures of all sides (if possible).
5
Plant Ops
Trash/Disposal
Scrap/Recycle
Certify
Destruction
signed by 2
employees
Certify Scrap
or Recycle
signed by 2
employees
signed by 2
employees
Return to Surplus Property Administrator
Trash/Disposa
l
Scrap/Recycl
e
Sell/GovDeal
s
Properly
disposed
Delivered to
recycler
Held in
warehouse
6
Surplus
Property
Admin
- If Capital Asset, to Business Office Fixed
Assets Personnel
- If SME, to responsible department or
department head
1. List on Gov Deals for 7 days for other
state institutions to claim.
2. After 7 days, items are open for public
auction.
3. If after 30 days items are not sold,
instruct plant ops to trash/dispose or
scrap/recycle items.
Surplus property is personal property which has been determined obsolete, outmoded, unusable or no longer usable by
the College, or property for which future needs do not justify the cost of maintenance and/or storage. Disposal of such
property must be in accordance with TBR Policy No. 4:02:20:00, Disposal of Surplus Personal Property.