Prepare for Biennial Asset Inventory

Microscope.

Published August 11, 2020

As required by both State and Federal guidelines, a physical inventory of all assets must be completed on a biennial basis. Prepare for this inventory coming in September.

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What to Expect

To reduce paper waste, and make the biennial inventory review as efficient as possible, this year’s review process 100% electronic. Here is what you can expect during this process.

  • Each Asset Coordinator will receive, by email, an Inventory Excel workbook that lists all the assets in their Department.
  • A detailed list of instructions will be provided for reviewing and updating the excel report.
  • A due date will be provided on when the excel report must be returned to asset management.

Gudelines for Reviewing Assets

Asset Coordinators will be responsible to physically check the location of the asset and verifying that all information pertaining to the asset is correct. Any changes can be noted in the workbook and emailed back to Asset Management. Detailed instructions on how to make changes will accompany the workbook.

Contact the Asset Management Team

Nicole Mayer.

Nicole Mayer

Asset Management, Financial Management

Phone: 716-645-4556

Email: ubs-assetmanagement@buffalo.edu

Valerie Dennis.

Valerie Dennis

Asset Management, Card Programs and eProcurement

Financial Management

Phone: 716-645-2604

Email: vlb5@buffalo.edu