Physical Inventory

All departments are required to complete a physical inventory based on University, State and Federal policies on an annual basis. This report will be directed to each department's fixed asset coordinator whose responsibility is to conduct a verification of their department's equipment and to report any necessary changes.

Room and building changes can simply be changed on the report but please keep in mind that transfers to another department can only be changed if supporting documentation has been provided (an EICR). We recommend that each department keep a copy of the inventory (with changes) for their own records.

Before returning the inventory, the certification form, provided with the inventory, must be signed not only by the individual completing the inventory but also by the individual responsible for the department.