What does the term "property assets" imply in Coast Guard property management?

The term "property assets" in Coast Guard property management encompasses a broad range of physical items that the Coast Guard owns or uses in the conduct of its operations. This definition is inclusive of both tangible and intangible assets essential for fulfilling its mission. These assets can include vessels, aircraft, maintenance equipment, office supplies, technology, and facilities utilized for various purposes within the organization.

By recognizing that property assets cover all physical items rather than being limited to just those with potential for sale or specific uses, property management can ensure a comprehensive inventory that supports operational readiness and compliance with regulations. It promotes proper stewardship of resources, ensuring that everything from training equipment to operational vessels is accounted for and effectively managed within the framework of Coast Guard operations.