Inventory Controls

Policy No: FI001

Policy Statement

This policy establishes processes and procedures for the management and accountability of college-owned and college-controlled equipment and capital assets. It ensures those responsible for acquiring, inventorying, maintaining, and disposing of assets understand and adhere to the rules, regulations, and procedures governing such assets. The college owns and controls all equipment purchased with college funds or acquired through other funding sources, such as grants, donations, or alumni association funds.

Who is Affected by this Policy

• All FIT employees

Policy Information

• Responsible Administrator(s): Treasurer and Vice President for Finance and Administration 
• Responsible Office(s): The Office of Operational Services
• Implementation History: Issued October 2009; Updated September 2018, November 2020
• Contact(s): The Office of Operational Services

View Official Policy

FI001, Inventory Controls (.pdf)
*This PDF document is the official version of this policy.