Surplus Property Disposal & Inventory Management

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Table of Contents

Surplus Property Disposal & Inventory Management

Agenda

Agenda

Purpose of Today’s Session

Background

Background: Why did this happen?

EMPOWER Kentucky Background for Surplus Property Changes

EMPOWER Kentucky What is MARS?

Statutory Requirements KRS 45A.045

Statutory Requirements KRS 45A.045-Delegated

Statutory Requirements KRS 45A.045-Non-Delegated

Delegated Authority Option What’s Different?

Statutory Requirements What Stays the Same?

Statutory Requirements When is this effective?

Delegation of Authority Who can request authority?

Delegation of Authority Who can operate under authority?

Delegation of Authority How to request authority

Delegation of Authority What to include in the request

Delegation of Authority What to include in the request

Delegated Authority Option Surplus Property Disposal

Delegated Authority Option Offices located in or within 5 miles of Franklin County

Delegated Authority Option All other offices

Delegated Authority Option: Advantages

Delegated Authority Option: Advantages

Delegated Authority Option: Responsibilities

Delegated Authority Option: Responsibilities

Delegated Authority Option: Responsibilities

Inventory Management

Inventory Management Statutory Changes - KRS 45.313

Statutory Changes: KRS 45.313 What’s Different?

Inventory Management Responsibilities

Inventory Management Responsibilities

Inventory Management Fixed Asset (STARS) Reportable

Inventory Management What’s required?

Inventory Management Best Business Practices

Goals for Asset/Inventory and Receiving

Improvement Goals for Fixed Assets

What’s Happening Next with MARS Asset/Inventory?

Inventory Management Inventory Clean Up

Resources

Author: Finance & Administration Cabinet