The Property Accounting
Office is located on the Ground Level of the Ryan Administration
Building on the main campus of Georgetown University.
Ray Carter, Director
of General Accounting
Peggy Loftus, Property Accounting
Peggy Loftus at (202) 687-1497 or E-mail email@example.com
with any property related questions.
Property Accounting System has been approved by the Office
of Naval Research as an acceptable means of tracking both
university and federally funded equipment.
A complete Property
Accounting manual may be found on the Financial
Affairs home page or by contacting Kristen Casey at 202-
The Office of Property
Accounting is a subdivision of the Office of Budgeting and
Financial Analysis. It is primarily concerned with ensuring
Georgetown University's compliance with federal regulations
regarding capital equipment (specifically the Office of Management
and Budget A-110). Adhering to university and federal regulations
is in the interest of principal investigators and departmental
personnel, as it aids in reporting to sponsoring agencies,
forming budgets and screening redundant or excessive purchases.
The Property Accounting Office can easily provide inventory
reports to departments based on cost centers, locations, and
many other delimiters. This can be especially helpful when
a sponsored project is coming to an end, or a department is
upgrading its equipment or moving to a new location. An accurate
Property Accounting database ensures proper levels of insurance
for the university's assets, and can aid in the reimbursement
of recovery of assets in the event of theft or loss. Property
Accounting's inventory is used extensively in the calculation
of indirect cost rates for the university, and is subject
to audit by both internal and external agencies.
Since the Property
Accounting database is accessed by so many different areas
in the university, and in so many different ways, it is essential
that principal investigators and departmental administrators
work together with Property Accounting to ensure accuracy
and to resolve discrepancies.