7.4.1 Annual Inventory

7.4.1

Annual Inventory

Last Update Approved: September 16, 2013

Edited/Revised: July 8, 2015

Revised Effective: August 7, 2015

General Guidelines

Middle Georgia State University (MGA) utilizes the PeopleSoft Asset Management module to maintain an equipment inventory in accordance with Section 11.1 and Section 11.5 of the USG Business Procedures Manual.

MGA conducts an annual physical inventory in accordance with Section 11.4 of the USG Business Procedures Manual. Segments of the overall physical inventory may be conducted at varying times during the year, as opposed to counting the complete inventory at one point during the year.

Each asset included on the fiscal yearend equipment asset listing should be part of a physical inventory during the fiscal year.