7.3.6 Inventory of Physical Assets
Locations must create and maintain an inventory of all equipment, furniture, or materials valued in excess of $500 or that have a life expectancy of five years or longer. The inventory should contain a description, the date of purchase, the cost of the item(s), the date of inventory, and the quantity on hand as of the date of the inventory. A photographic recording of the items should accompany the list. Store the list with photographic record in a fire proof safe and upload an electronic copy to the cloud, in accordance with the Document Retention policy. Where feasible, all such items should be permanently marked with the location’s name and an inventory number. See Canon §1283.
5-14-2021, 6-16-2025