From Joan.Compton at adm.idaho.gov Tue Dec 31 13:10:33 2013 From: Joan.Compton at adm.idaho.gov (Joan Compton) Date: Tue, 31 Dec 2013 20:10:33 +0000 Subject: [Icoord] FY2014 ANNUAL INVENTORY PROCESS Message-ID: <3366b843724e414a89c1e08842ac3faf@ICSSCOMBvp01.ics.idaho.gov> Good afternoon, 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. We have enclosed a copy of the Minimum Requirements for Maintenance of Business Property Inventory System to help you determine what items must be inventoried. (Please note that this statutorily required inventory process is not the same as the property information required for insurance coverage and renewal.) Please apply a two and one half percent (2.5%) inflationary factor to your existing business personal property values for FY 14. The inflationary factor is not applied to new acquisitions. Once your annual inventory of business personal property has been conducted, each agency insurance coordinator must complete and return the attached 2014 Acknowledgement of Completion of Business Property Inventory form to the Department of Administration via email to joan.compton at adm.idaho.gov. Acknowledgement forms must be received by March 7, 2014. As always, we appreciate your assistance complying with this annual task. Should you have questions, please contact Joan Compton at 332-1872 or at the e-mail address provided above. Thank you Joan Compton, Risk Management Analyst State of Idaho Idaho Department of Administration Risk Management Program 650 W. State Street, P.O. Box 83720 Boise, Idaho 83720-0079 208-332-1872 208-334-5315 Fax joan.compton at adm.idaho.gov -------------- next part -------------- An HTML attachment was scrubbed... URL: -------------- next part -------------- A non-text attachment was scrubbed... Name: ANN INV guidelines 2014.doc Type: application/msword Size: 24576 bytes Desc: ANN INV guidelines 2014.doc URL: -------------- next part -------------- A non-text attachment was scrubbed... Name: ANNINVacknowledgement form 1-14.doc Type: application/msword Size: 31744 bytes Desc: ANNINVacknowledgement form 1-14.doc URL: -------------- next part -------------- A non-text attachment was scrubbed... Name: Annual Inventory Cover Letter 2014.doc Type: application/msword Size: 77312 bytes Desc: Annual Inventory Cover Letter 2014.doc URL: