Departments Inventory Assets Annually
Annually, the Inventory Department generates and distributes an inventory listing to the departments for review. The departments should make any necessary notations regarding items that have been returned to inventory, transferred to another dept or items received that are not included on the listing. These inventory listings enable the University to maintain accurate records.
Inventory Mgmt. Audits Assets Every Other Year
Every two years, the Inventory department audits the departmental inventory by performing a physical inventory inspection. Inventory listings are subject to review by State and Federal auditors, making it very important that they are accurate.