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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Agency Insurance Coordinators,
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">In accordance with Idaho Code Section 67-5746, each agency is required to conduct an annual inventory for all business personal property which the agency owns or is responsible
for whether under terms of any contract, grant, or otherwise. The Department of Administration is responsible for verifying that each agency has completed its inventory. This annual process begins in January and is to be completed by the end of the first
week of March 2019. <o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Arial",sans-serif">The following information and instructions will also be sent to your department Director.
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Attached is a copy of the
<b><i>Minimum Requirements for Maintenance of Business Property Inventory System</i></b> to help you determine what items must be inventoried. (<i>Please note that this statutorily required inventory process is not the same as the property information required
for insurance coverage and renewal</i>.) Please apply a 1.33% inflationary factor to your existing business personal property values for FY19. The inflationary factor is not applied to new acquisitions.
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">Once your annual inventory of business personal property has been conducted, each agency
<b>insurance coordinator</b> must complete and return the attached <b><i>2019 Acknowledgement of Completion of Business Property Inventory form</i></b> to the Department of Administration via email to
</span><a href="mailto:joan.compton@adm.idaho.gov"><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:blue">joan.compton@adm.idaho.gov</span></a><span style="font-size:12.0pt;font-family:"Arial",sans-serif">. Acknowledgement forms must be received
by <span style="color:red">March 8, 2019</span>. <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial",sans-serif">As always, we appreciate your assistance complying with this annual task. Should you have questions, please contact Joan Compton at 332-1872 or
<a href="mailto:joan.compton@adm.idaho.gov">joan.compton@adm.idaho.gov</a>. <o:p>
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<p class="MsoNormal">Joan Compton, Risk Management Analyst<o:p></o:p></p>
<p class="MsoNormal">Dept. of Administration<o:p></o:p></p>
<p class="MsoNormal">Risk Management Program <o:p></o:p></p>
<p class="MsoNormal">650 W. State Street<o:p></o:p></p>
<p class="MsoNormal">Boise, Idaho 83720<o:p></o:p></p>
<p class="MsoNormal">208-332-1872<o:p></o:p></p>
<p class="MsoNormal">208-334-5315 – Fax<o:p></o:p></p>
<p class="MsoNormal">Work hours: 7:00am to 4:00pm<o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:Joan.compton@adm.idaho.gov">Joan.compton@adm.idaho.gov</a><o:p></o:p></p>
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