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Developing an Equipment Replacement Fund explains how organizations can effectively manage their investment in equipment assets. The DVD reviews the need for organizations to maintain and (if appropriate) expand their inventory of equipment in a systematic and organized way. The DVD details depreciation considerations, replacement costs, and a recommended replacement-fund formula for calculating how much money needs to be set aside on a regular schedule to replace equipment. The systematic approach to replacement funds also enables the organization to compile the funds that can be applied to future expansion in equipments inventory.
Among the topics covered:
- The purchasing process
- Definitions
- Depreciation methods
- Calculations and formulas
- General provisions
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Biography
- Gary Miller, Ph.D., is currently the associate director of the division of campus recreation at the University of Illinois at Urbana-Champaign, where his responsibilities include intramural sports, sport clubs, special events, outdoor programs, turf management, and construction projects. He has worked in the fields of recreational sports for over 25 years at universities in California, Michigan, and Illinois. He holds degrees in business administration and recreation from the University of Illinois and physical education from the University of Southern California.
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