Non-Expendables

• State Law requires the University to keep an inventory of all tangible non-expendable property. When such property is purchased, it is primarily the responsibility of the department to ensure that each item is tagged.
• On a rolling schedule an inventory printout is sent to the departments. An actual physical inventory shall be taken by each department and returned by the due date. From this inventory, the current property list will be updated by Inventory Control.

Expendables

• An Annual Inventory of Expendable Items Form (PDF) is delivered to departments with the annual inventory packet. This form is used to inventory the expendable items on hand in each department. All departments are required to fill out this form and return it to be compliant with the state.
  
• NOTE: It is not necessary to count each item, but rather give an overall estimate of supplies and computer software on hand as of that date. The original form should be returned to Inventory Control and a copy should be retained for the departmental file.