II. C. 9. Inventory Management Controlling Personal Property Inventory In accordance with Georgia SBTAE Policy 07-07-01, North Georgia Technical College's policy regarding controlling personal property inventory is set forth below. Policy The College shall maintain a current record of all personal property costing of $1,000 or more and items which are electronic in nature susceptible to theft (i.e. TV, VCR, etc.) for security and insurance purposes.  North Georgia Technical College employees shall maintain inventory records in the appropriate inventory categories.  Inventory coordination is the responsibility of the Business Office, which maintains a computerized inventory printout by department and location. Designated staff, as part of their job description, are assigned responsibility for implementing inventory control systems.  The designated staff is responsible for and is held accountable for all equipment listed on PROPS and program inventories assigned to their respective areas.  Each employee shall be responsible for all equipment in their program/area. PROPS is a statewide computer inventory software program which is used by the Georgia Department of Technical and Adult Education.  PROPS terminology and record keeping will be used to assure consistency across the state. Equipment shall be defined as items which meet the following criteria: (a) are not readily consumable and cost $1,000 or more; (b) are not replacement parts or software; and (c) have a life expectancy in excess of three years.   CROSS REF.:    SBTAE Policy 07-07-01                           Adopted: July 1, 1997 Revised:  July 29, 2003 Approved:  August 5, 2003 Code: 07-07-01   NORTH GEORGIA TECHNICAL COLLEGE