What is the threshold for general purpose property?

The threshold for general purpose property is considered to be greater than $5,000 or less than $5,000 but highly pilferable. This classification is important because it reflects the need to manage property effectively based on its value and vulnerability to theft or loss. Items valued above this threshold are typically subject to more stringent management and tracking processes, while those that are lower in value but considered easily stealable (highly pilferable) require additional caution and oversight to prevent loss.

Understanding this distinction helps property managers within the Coast Guard to prioritize their efforts and resources towards protecting assets that could impact operations and budget when lost. The consideration of "highly pilferable" items acknowledges that not all property is equally at risk based solely on its monetary value, highlighting the importance of context in property management practices.