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  Administration

Financial Analysis / Budget

Andy Mueller - Director
Andym@pcom.edu
Telephone: 215-871-6925
Fax: 215-871-6920


What we do:

  • Responsible for the preparation and monitoring of the College budget
  • Accounting for research grants
  • Billing for Graduate Medical Education program
  • Preparation of student loan government reports
  • Control of travel budget program
  • Managing the lease rentals

 PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE 
ASSET CAPITALIZATION POLICY

The Board of Trustees approved a change in our capitalization policy effective July 1, 2006 as follows:

Capital Equipment/Furniture

Equipment or furniture with a unit value of $5,000 or more and a useful life of more than 1 year will be considered a capital item.

Renovation Construction

For cost associated with a renovation construction project only the construction piece will be considered a capital item provided the total cost is $5,000 or more. All equipment or furniture associated with the renovation \ construction project will be subject to the unit value of $5,000 or more as stated in the above capital equipment \ furniture policy

Capital Repairs

Generally, the repair must increase the useful life of the asset by at least 2 years past the normal useful life with a minimum cost of $5,000. Due to the complexity of capital repair criteria, please contact the Accounting Department for assistance. Each repair must be reviewed on an individual basis.

Last Updated: 10/17/14