Fixed Assets Accounting's mission is to help assure the fiscal integrity of the University's assets by identifying and keeping accurate records of its property and capital equipment. The University uses the Financial Records (FRS) Fixed Asset System. The Fixed Asset System is a real-time on-line system for maintaining up-to-date fixed asset records. Each department identifies a fixed asset custodian who is responsible for maintaining the asset records and conducting an annual inventory. To assist custodians in this process, we provide monthly training sessions, which offer hands-on instruction on navigating and using the fixed asset system. In addition, we administer the Higher Education Equipment Trust Fund (HEETF).