Annual Minor Equipment Inventory Procedures
NDCC 44-04-07 requires each department to perform an annual inventory of equipment of sufficient value and permanence that is particularly at risk or vulnerable to loss, independent of the major equipment inventory requirement threshold.
For insurance purposes, if a department does not maintain a minor equipment inventory spreadsheet, the department risks insurance coverage for any loss. It is the responsibility of each department to keep an accurate and comprehensive minor equipment inventory spreadsheet to track minor equipment.
The departmental inventory coordinator for each department will receive a memo from Asset Management once per year with instructions for completing the annual minor equipment verification report. If you have received a memo but are not the inventory coordinator for your department, please notify UND.assetmanagement@UND.edu.
Annual Minor Inventory Process
For further information, please review the Annual Inventory policy.
1. Use the Annual Minor Inventory Guide to walk through the requirements step-by-step.
This guide will walk you through the annual minor inventory process from start to finish. It is important to read and follow the guide in detail.
2. Open your department's Major and Minor Inventory Listing.
Step by step-directions on running this file are listed in the annual inventory guide. Directions on saving this file as a pdf before attaching are also included in the guide.
3. Complete the Minor Verification Report.