Why We Take Inventory?

Regulation:

• State and Federal regulations support the requirement for a capital asset management system.

Good Business Practice:

• Good business practice recognizes the need for stewardship of assets. This control, in part, leads to a greater utilization of equipment already on hand and tends to reduce equipment purchasing duplication.

Budgeting:

• The Fixed Asset System provides information to support funding requests for capital equipment replacement and to demonstrates how funds were expended for capital assets.