Part III - UNM Finance: Practical Applications

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Standard Accounting Resource Manual (SARM)

MSC 0000 00
1 University of New Mexico
Albuquerque, NM 87131

Physical Safeguards

Each department is responsible for establishing processes that adequately safeguard the inventory for which their department is responsible.  This may include, but is not limited to, such processes as:

  • Checkout/Checkin forms that are kept in a central location in the administrative area.
  • Staff is held accountable for inventory items signed out to them.
  • Cables and locking devices kept on computers at desks.
  • An updated, comprehensive list of assets, maintained by administration.
  • Physical inspection of inventory items, both for location and usability of asset.  Assets not in use should be recycled through Surplus Property.