A physical inventory shall be conducted semiannually. Copies of the inventory shall be kept at the District office and school site.
Each site administrator shall maintain an inventory of all equipment. The following information must be recorded:
- Description (with manufacturer's name and/or model number).
- Identification and/or serial number.
- Date and cost of acquisition (estimate if unknown).
- Funding source (grant source and grant title).
- Current location.
- Date on which inventory information was verified.
All equipment purchased with federal funds or nonfederal matching funds shall be labeled with the District's name and an equipment or inventory control number.
The date and mode of disposal of all equipment removed from the inventory shall also be recorded.