Business Procedures Manual

Fiscal Affairs Division

Section 11 Introduction

(Last Modified on October 29, 2010)

Institutions must maintain control of inventory to comply with state law, to provide reporting totals for insurance purposes, and to maintain internal management control of assets. This section provides a summary of the laws, reporting requirements, and other institutional procedures relating to inventory.

Inventory can refer to:

  • Property
  • Equipment
  • Consumables
↑ Top