Annual Inventory Review
The Purpose
As an agency of the State of Maryland, Salisbury University is required to perform annual and periodic inventory reviews of property and equipment.
The Process
Each year all departments are asked to complete an annual inventory and submit it to the Inventory Control Office. Reports are generated and mailed around the middle of April, and the completed inventory is due on the business day closest to June 30th, the end of the University's fiscal year. Inventory Control updates the information recorded for equipment based on changes noted on the annual inventory and follows up with the department on any items that are not located so that the inventory can be completed.