How are departmental Property Managers, Property Custodians and Inventory Takers selected, and what are their roles?
This information is needed promptly in order to schedule inventory training classes and to determine the dates for taking the physical inventory counts. A Property Manager is responsible for authorizing any transfer or disposal of their department’s assets. The Property Custodian is responsible for the identification and tagging of University property and maintaining the department’s property records. The Inventory Taker is responsible for maintaining asset-related internal controls and performing the annual physical inventory of departmental property. This person should not be the Property Manager or Property Custodian.
