Departmental Leasing Activity

[Business Affairs Office News]

Good afternoon,

The Business Affairs Office (BAO) Financial Services Department requests your assistance in gathering information on your department's leases, including equipment, software and real property.

Reportable leases include but are not limited to agreements you have with other departments and external parties where your department is either:

  *   The lessee (tenant) - you pay others for the right to use their assets
  *   The lessor (landlord) - others pay you for the right to use your department's assets
The reported information is recorded in the Banner Fixed Asset System and is provided to various departments for:

  *   Insurance coverage
  *   Inventory control
  *   University space planning
  *   Setting various rates
  *   Unrelated Business Income Tax analysis
  *   UO annual financial statements
  *   Other key aspects of managing the university that impact your department directly
Please contact BAO Financial Services Department when you:

  *   Enter into a new lease agreement, including those using purchase orders and other types of contracts
  *   Change an existing lease, including returns, changes in terms such as amendments, extensions or early terminations
  *   Have lease agreements you have not yet reported
To access your department's list of leased UO assets, use Banner query form FWIFLST.

If you have questions or need assistance, please contact:


*         Real Property - Jill Ritz 6-1256 jritz at uoregon.edu<mailto:jritz at uoregon.edu>

*         Equipment - Robbin Howard 6-1115 rchoward at uoregon.edu<mailto:rchoward at uoregon.edu>

*         Software - Molly Lockhart 6-1250 mlockhar at uoregon.edu<mailto:mlockhar at uoregon.edu>



Thank you,

BAO Financial Services Department
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