- - Thursday, March 21, 2013

One might think it difficult to misplace an incinerator or, for that matter, three baby grand pianos. Somehow, Virginia State University managed to do just that, along with sculptures, laptops, lawn mowers, a tractor, copiers and lots of other sizable and costly objects.

But the story behind the “lost or stolen” incinerator, which was bought in 1980 for $10,000 and went missing in June 2010 may, well, go up in smoke. University spokesman Tom Reed refused to allow an interview with any of the workers who may have been responsible for tracking university inventory.

“We are confident that the items in question were properly accounted for in accordance with existing university and Commonwealth of Virginia policies and practices,” Mr. Reed wrote in an emailed statement.

Virginia State University isn’t alone. A request under the Freedom of Information Act for a list of public property recorded as lost, missing and stolen across state agencies turned up roughly $8 million in taxpayer-funded fixed assets.

“Once again, it seems that as long as the bureaucrats are dealing with other peoples’ money, it gets virtually no attention,” said Tim Wise, president of the Arlington County Taxpayers Association.

But that $8 million figure, the acquisition value of the assets analyzed, is probably just the start. The state doesn’t have a complete database of its assets, and therefore no complete list of missing ones.

“There is no consolidated report of lost or missing assets that’s gleaned from either that system or directly from agencies,” Virginia Comptroller David A. Von Moll said.

The closest thing to a full list is the state’s Fixed Asset Accounting and Control System used by assigned agency employees and maintained by the Department of Accounts to categorize and track assets for financial reporting reasons.

But the system isn’t comprehensive.

For starters, agencies are required only to record “capitalized” assets — anything with a minimum $5,000 value upon purchase and with a life expectancy longer than one year — in the system. Reporting anything valued at less than $5,000 — a “controlled” asset — is completely optional.

Agencies are still required to take inventory of items worth less than $5,000 — just not with the state.

“That doesn’t mean that agencies are any less responsible for safeguarding those assets,” Mr. Von Moll said.

To make matters murkier, public universities still have to keep internal records of their assets but don’t have to report them to the state. Virginia State University, along with James Madison University, are the only two Virginia universities that do.

“It’s clearly the intent of the legislature to allow universities to operate autonomously, under the assumption that, the universities argue, it allows them to be more efficient to not have Richmond telling them what to do, so to speak,” Mr. Von Moll said.

JMU’s records show scores of computers categorized as “lost.” But university spokesman Bill Wyatt refused to set up an interview with any of the managers responsible for overseeing assets regarding the missing computers, saying that, “as a general rule, the university does not respond to speculative questions or hypothetical situations.”

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