Inventory Control and Reporting

The office of Property Accounting is responsible for overseeing the disposition of all inventoried property (equipment and moveable computers) assigned to University departments. The office of Accounting Property sends property tags to departments for each piece of assigned inventoried property; departments must then ensure that the property tags are placed on all inventoried property and the location information is returned to Property Accounting. Departments are also required to complete an accurate annual physical inventory of their equipment and computers and return those inventories to the office of Property Accounting in a timely manner. In addition, throughout the year it is the responsibility of departments to make any necessary adjustments to their inventory, which may include disposing of old, obsolete equipment through Surplus Property. Departments are also responsible for maintaining accurate records on all non-inventoried property, i.e. all property not overseen by the office of Property Accounting. Questions regarding inventory, tagging processes, account codes, disposals, ownership titles, equipment checkouts, transfers, donations, etc. should be directed to the office of Property Accounting.