PSMS Session 7 - Exercise 7.1

The end of the life cycle of government property.

• Utilization

• Acquisition

• Disposal

Has the authority or responsibility for the disposal or divestment of government property.

• COA Auditor

• Agency Head

• Disposal Committee

• Property Officer

A personal and/or real property of a taxpayer forfeited to the government for failure to pay taxes

• Confiscated/Seized Property

• Unclaimed Motor Vehicle

• Unserviceable Property

• Property under Distraint/Levy/Garnishment

Properties that come into the ownership and possession of the government as a result of its implementation, enforcement of laws and regulations and to avoid accumulation and loss of their economic value

• Confiscated/Seized Property

• Unclaimed Motor Vehicle

• Unserviceable Property

• Real Property

This form is used in the disposal of waste materials that result from the consumption or utilization of expendable materials, and covers damaged equipment parts, empty containers, and remnants salvaged from destroyed fixed assets.

• Inventory and Inspection Report of Unserviceable Property (IIRUP)

• Waste Materials Report (WMR)

• Report on the Physical Count of PPE (RPCPPE)

• Stock Card

This report is used for the disposal of vehicles, mechanized equipment, office equipment, furniture and semi-expendable materials.

• Waste Materials Report (WMR)

• Report on the Physical Count of PPE (RPCPPE)

• Stock Card

• Inventory and Inspection Report of Unserviceable Property (IIRUP)

A mode of disposal where an agency transfers property to another government agency in exchange for another piece of property

• Donation

• Sale of Unserviceable Property

• Barter

• Transfer of Property