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POPP>Administrative Services>Asset Management - Property, Plant and Equipment>Disposal and Write-Off (Furniture and Equipment)
Disposal and Write-Off (Furniture and Equipment)

1.0 Relevant Regulations and Rules
UNDP Financial Regulations and Rules

Financial Regulation 16.0 2: Under such limits prescribed by the Executive Board and within the limits of resources allocated for UNDP programme activities, the Administrator is authorized to approve UNDP programme activities at the country, regional and global levels.

Financial Rule 116.02: The authority to approve programme activities is delegated along with the requirement to establish necessary instructions and operational procedures:

  1. The authority to approve UNDP programme activities, within the limit of resources allocated to those activities is delegated to the Associate Administrator. The Associate Administrator may delegate this authority, through the Director of the Regional Bureau concerned, to UNDP Heads of Office in the programme countries;
  2. Approval of UNDP programme activities becomes effective upon signature of the project document/annual workplan. 
Financial Rule 125.09: Petty cash advances may be made available to officials designated by the Treasurer or his or her designate from petty cash accounts. The Treasurer may, where adequate safeguards are provided, authorize petty cash advances from petty cash accounts to non-staff personnel up to an amount determined by the Treasurer. These cash accounts shall be maintained on an imprest basis. The amount and purposes of each account shall be defined by the Treasurer. The amount held shall be the minimum compatible with working requirements.


IPSAS - 2012 Handbook of International Public Sector Accounting Pronouncement
2.0 Policies
Main Policy
Furniture and Equipment: Disposal and Write-Off
 Related Policies
Internal Control Framework

Furniture and Equipment: Property, Plant and Equipment (PPandE)
Furniture and Equipment: Acquisition and Maintenance
Language English | Español | Français
Page Properties
Key Words
None
Focal Point
George Peradze,Vera Kirienko
Effective Date
27/07/2016
Planned Review Date
31/12/2018
Summary of Changes/Comments
February 14, 2020 - The UNDP Service Request Form User Guide is now linked in clause 1 of the policy.

February 07, 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 40 of the policy has been updated to reflect the new asset capitalization threshold.

Additionally, the Asset Disposal Authority has increased from US $2,500 to US $5,000. Clauses 2, 4, 5, 15, 17, 19 and 22 of the policy have been updated accordingly.

August 02, 2019 - The Disposal and Write-Off (Furniture and Equipment) policy is available in French. To access the document, click on the French language tab.

June 12, 2018 - The updated PP&E section clarifies the nature of NGO involvement in Asset Management processes in response to the newly revised Programme and Project Management (PPM) chapter and also reflect the change to the asset certification process approved by the Senior management as part of the recent business streamlining initiatives.

The request form for Non-Asset Disposal was updated.

2016 - Reviewed and edited (without substantive changes) in Q1.

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