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Printed Inventory Process of Conducting the Annual Inventory

Asset Management

View Official Policy: Printed Inventory Process of Conducting the Annual Inventory Policy

The University of Georgia is required by the Board of Regents of the University System of Georgia (USG) and state and federal regulations to inventory and track moveable assets, including vehicles.  USG policy requires all institutions conduct a physical inventory count annually.

Board of Regents Business Procedures Manual 11.4:  All institutions within the University System of Georgia must conduct a mandatory physical equipment inventory annually. The results of this inventory will be updated into the equipment inventory systems utilized by the institution to satisfy state reporting requirements. These results should change the status or condition of the item if required, such as missing or poor condition.

Responsibilities

Responsible University Senior Administrator: Vice President for Finance & Administration

Responsible University Administrator: Associate Vice President for Finance Division

Policy Owner: Asset Management

Policy Contact: Craig Mathews

Phone Number: 706-542-4390

Date Issued:

Last Reviewed/Updated: