All departments are required to complete a physical inventory based on University, State and Federal policies on an annual basis. Department heads must designate an individual as the department's fixed assets coordinator whose responsibility is to conduct a verification of their department's equipment inventory.
Fixed Assets is now using one method for verifying departmental inventories using Sunflower, our fixed asset system:
Departments will be notified when they are scheduled for a scanned physical inventory.
Scanned Inventory Process
|Fixed Assets notifies the fixed assets coordinator by email that their department has been selected for scanning and attaches a Sunflower Inventory Report for review and familiarity with what will be scanned. A week after being notified, the fixed assets coordinator is contacted by phone and an appointment date and time is scheduled. All equipment MUST be available and accessible for scanning at the arranged date and time. PRIOR to the appointed time, the fixed assets coordinator is responsible for:
Fixed Assets staff will come to the fixed assets coordinator’s office on the arranged date/time and will have the fixed assets coordinator escort them around the department in order to scan the JMU ID# decal on each piece of equipment in their inventory. Items not found are noted as such in the barcode readers and an exception report is printed in our office once the data is uploaded from the barcode readers back into Sunflower. This exception report will be sent to the department head with instructions and due dates for following up on the missing items.
SCHEV - Equipment Trust Fund
|Equipment purchased by Equipment Trust Fund (ETF) is not owned by the University but is tied to a leasing agreement with SCHEV (The State Council of Higher Education for VA). For this reason special restrictions apply. For detailed information regarding Equipment Trust Fund, please see Section 6000 "Asset Control And Management" in the Financial Procedures Manual. Also visit the ETF instructional webpage for information on how to purchase equipment through ETF.|