It is important that departments routinely review their departments assets to ensure that all items belonging to the University are properly documented and accounted for.

Each department/area should have a Designated Inventory Coordinator. A yearly Inventory Certification is required in each area annually.

Assets that are no longer needed by the department or other departments can be sent to Surplus. Assets found during inventory that are not currently accounted for should be added to the official inventory with an Assets Found Form.

When assets are found to be missing from an area the department should do all they can to locate the item, if it cannot be located a missing statement should be completed and at times a stolen statement may be needed as well.

Additional information regarding Asset Management can be located at the Asset Management site.

Asset Management Policy Number 10.048