D-650 Equipment and Property Disposal

College Resources cannot be sold, donated, or disposed of without proper approval. The Supervising Executive shall approve all disposals, and the President/District Director must approve the disposal of all equipment with an original cost of more than $5,000.

The sale of College Premises requires the approval of the District Board and the Wisconsin Technical College System (WTCS) President. Written approval must be received before the transaction becomes final. A written record of all transactions shall be documented in District Board minutes.

The sale of college non-real estate assets with an estimated value exceeding $25,000 requires the approval of the WTCS President. Written approval must be received before the transaction becomes final. A written record of all transactions shall be documented in college records.

Disposal of property obtained with state or federal funds may require reimbursement of a prorated share of the proceeds.

The Business Office relies on the user to determine whether there is any residual value to the item. If it is determined that there is no value, the Maintenance Department is directed to dispose of the item in an environmentally appropriate manner. If there is value, the Business Office will determine, with input from the user, the best venue to maximize the sale price for the item, i.e., trade-in, sale on eBay, auction sale, advertised bid, or some other method. The College is prohibited from donating college property to any individual or entity, including governmental units, educational institutions, and charitable organizations.