Property custodians are directly or indirectly (through persons to whom responsibility is delegated) held responsible for property.  This responsibility includes the following functions:

The Property Management Specialist conducts supportive services for custodians of property and maintains property records that law requires and which are necessary for control of property.

All property custodians (Principals/Department Supervisors) are required to perform annual physical on-site inventories of all equipment items in their custody.

Tangible personal property with a value of $1,000 or more and computer systems valued at $750 or more will be maintained on inventory records.  Property valued at less than $1,000 will only be added at the request of the property custodian.  All $1,000 threshold federal property must be inventoried.  All custodians are reminded, however, that all property received, regardless of value, is still their responsibility and continues under their local control and safeguard.

In order to complete this inventory, all property custodians will receive from the Property Management Specialist a printout of their facility’s annual inventory, consisting of:

The Property Management Specialist will publish and distribute a proposed inventory schedule by October 1^st of each year.