Title I Talk
In order to be in compliance with Indiana federal inventory regulations, a physical inventory must be taken every year. Please use the following as guidelines when updating your inventory lists:
- Items required to be included on inventory list are: Equipment, Property, and Technology purchased with Title I funds
- All computer equipment (i.e.: computers, monitors, iPads, printers), technology-related purchases (cameras, iPods, interactive whiteboards, etc.) and furniture (i.e.: filling cabinets, bookshelves) are considered equipment.
- Inventory Equipment List should be labeled "Federal Equipment and Inventory"
- Dates that actual inventories were physically taken must be noted and signed off on by the person who took the inventory
- ALL 10 questions must be answered on the inventory list for each item
- Supplies/consumables (including books) are NOT included on the inventory, but still must be tracked (i.e..: separate document kept on site)
- ALL supplies must be labeled "Property of Title I"
Inventory Heading Directions
Please use the following as guidelines when disposing of Title I equipment/technology:
If/when technology or equipment is no longer operations or is broken...
- It may be discarded
- Must date the date of disposal on Inventory List
If you have a large amount of technology/equipment that is outdated, but still operational...
- Adequate maintenance procedures must be implemented to keep the equipment in good/working condition.
- If authorized to sell the equipment, proper procedures must be established to result in the highest possible return.
- If the equipment is no longer needed, the equipment may be used for other activities (additional fiscal guidance as needed)
- If item is sold, the inventory must record this and any documentation regarding the sale and keep on file.
- State Board of Accounts may review any sales of items.