Biennial Inventory: Physical Inventory of Equipment Participant Guide

This guide provides a structured, step-by-step framework for university units to fulfill their requirement of physically verifying movable equipment every two years.

This biennial inventory process is crucial for ensuring compliance with state regulations, federal guidelines, and university policies. It is also used to assist in guiding Units through the Physical Inventory Unit Contact Certificate Course.

Key Objectives and Processes Covered:

  • Purpose: To ensure accurate records in Banner, meet compliance standards, support budgeting and cost reporting, and maintain accountability for university assets.
  • System Tools: The Biennial Inventory System (web and mobile app), Banner, and FABweb are used to manage and certify equipment records.
  • Roles: Defines responsibilities for key roles including Unit Contact, Unit Head, Unit Specialist, and others
  • Download the guide: Biennial Inventory: Physical Inventory of Equipment Participant Guide PDF


Keywords:
record 
Doc ID:
153097
Owned by:
Nathaniel M. in UI Training KnowledgeBase
Created:
2025-07-09
Updated:
2025-07-18
Sites:
University of Illinois Training KnolwedgeBase