BAO Property Control performs biennial physical inventories of all equipment. This is a Federal requirement that maintains compliance with UO, Federal, State, and sponsor requirements.
Physical inventories are performed by Property Control through collaboration with UO departmental staff. Departments are sent a preinventory list to assit in the location of equipment before the scheduled inventory time.
These inventories help to ensure that the Banner records are up-to-date and accurate, and that obsolete/damaged items are removed from inventory properly. In addition, accurate locations and conditions are important factors in determining insurance coverage and Facilities and Administrative Costs reimbursement.