Loading ... Please wait.
February 05, 2020 - UNDP has changed its asset capitalization threshold from US $1,500 to US $5,000. This policy change will significantly reduce the volume (i.e. quantity) of assets in the asset register thereby allowing UNDP to focus attention on higher value items. The change in policy should also result in a more effective verification and certification process. Clause 2 of the policy has been updated to reflect the capitalization of vehicles with a purchase price of $5,000 or more.
Clarification in capitalization (e.g. only above $ 1,500 value) as per Asset Management Policy.
“One vehicle for every three staff members” removed.
In reference to “at minimum, three cars are allowed for CO (representational, one for operation and one for programme),” the following additional sentence has been added “where appropriate within the parameter of available resources and office sustainability.”