Assets

125 Inventories

• Each Service must maintain inventories for all assets including furniture, fittings and equipment.  These must record an adequate description and estimated value of assets.
• All attractive/portable items must be security marked as belonging to the Council and wherever possible kept securely.
• Inventories must be checked at least annually to verify the details.
• Any variations must be noted, and if over £5,000 must be reported to the Section 151 Officer, and the Business Unit Head, who will report to the Cabinet.
• For items below £5,000 see the regulations on write-offs.