When does the annual moveable equipment inventory for assets $5,000 and above occur?
The annual moveable equipment inventory for assets with an original cost of $5,000 and above occurs year-round. This annual inventory is required by the State of Kansas. It is also a great property management tool for tracking moveable equipment. For new items purchased, the Property Accounting team will contact department equipment coordinators on a monthly basis to barcode new capital assets. For items purchased in prior years that need to be rescanned, the Property Accounting team has developed a tentative year-round schedule. Our goal is to complete the University’s inventory of non-research equipment throughout the Fall semester and the inventory of research equipment throughout the Spring semester. The annual deadline for all assets to be inventoried is June 30th.
