Controllable Item definition
Controllable Item. “Controllable Item” shall mean a fixed asset that costs in excess of $5,000 and has a useful life of one year or more.
Controllable Item means an item of any value with a manufacturer's serial number, which must be marked in a manner that allows the item to be tracked, assigned and controlled, and includes (but is not limited to) computer hardware or software, office equipment and communications equipment.
Examples of Controllable Item in a sentence
As it prepares and submits the proposed budget, SCRRA shall submit to SBCTA a detailed backup itemizing each Controllable Item with an expected acquisition value over $5,000 contained in the proposed budget.
In the event the need arises to purchase a Controllable Item, prior approval shall be obtained from Authority Contract Manager and final approval from Authority Contract Manager with final approval from the Manager, Contracts Administration and Procurement.
As it prepares and submits the proposed budget, Omnitrans shall submit to SBCTA a detailed backup itemizing each Controllable Item contained in the proposed budget.