Separation of Duties

  • Separate the duties so that the equipment inventory custodian does not perform or verify the physical inventory.


  • Tag equipment when received.
  • Establish procedures for checking out equipment removed from University facilities,
  • Complete the Equipment Inventory Form 1024 when equipment is surplussed.

Reconciliation and Reviews

  • Perform timely physical inventories.


Administrative Policy Statement 61.1 Equipment Inventory Management

Administrative Policy Statement 61.8 Construction Capitalization