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Distribution of Funds from Sales of Surplus

Funds generated from sale of excess equipment will be distributed in the following manner:

 

  • ≤ $100 (per item or item lot) 100% of proceeds will be retained for Administrative/Program costs.
  • > $100 (per item or item lot) The first $100 and 10% of anything over $100 will be retained for Administrative/Program costs. Ninety percent of proceeds over $100 (per item or item lot) will be returned to the custodial department/FAU.
The distribution of funds will be reviewed annually and adjusted as needed to support the Administrative/Program costs.

 

Administrative/Program costs include pickup, storage, transportation, disposal fees, advertising, supplies and other costs directly related to the administration of the surplus program. ​​​

 

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