UND Minor Inventory Update: FY25 Recap

A big thank you to all UND departments for completing Asset Management’s minor inventory request for FY25! Your diligence ensures accurate reporting and helps maintain efficient minor equipment tracking. The Controller’s Office sincerely appreciates your time and attention to this essential process.

Why Minor Inventory Matters

Minor equipment inventory is reported by building for insurance purposes, ensuring proper documentation and accountability. Each department is required to conduct an annual inventory of minor equipment that is at higher risk or vulnerable to loss. This proactive approach strengthens security and financial planning across campus.

If you have any questions regarding minor equipment, please reach out to your CBO/Financial Lead or Asset Management. Additional details can be found on our website: UND Asset Management

Fun Facts & Inventory Insights

Minor inventory dollar amounts over the last three fiscal years:

• FY25: $135,381,955
• FY24: $138,717,378
• FY23: $137,956,793

140 buildings reported minor inventory this fiscal year, with the top three highest values belonging to:

• Chester Fritz Library
• School of Medicine & Health Sciences Building
• Hughes Fine Arts Center

The inventory processes play a crucial role in ensuring our assets are adequately insured. Thanks again to all UND departments for their hard work and collaboration!