Rule 3-408. Inventory.

Intent:

To comply with Division of Finance regulation of fixed assets.

To secure property other than fixed assets.

Applicability:

This rule shall apply to the administrative office of the courts and all courts of record.

Statement of the Rule:

(1) Fixed assets.

(1)(A) Within their respective courts, court executives shall maintain an inventory of fixed assets with an original purchase price of $5,000 or more other than computer and recording equipment. The court executive shall annually submit the inventory to the director of Management Services no later than April 30.

(1)(B) The director of Management Services shall maintain an inventory of fixed assets of the administrative office and all computer and recording equipment, regardless of location, with an original purchase price of $5,000 or more.

(1)(C) The director of Management Services shall report the inventory of fixed assets of $5,000 or more to the Division o f Finance as required by law.

(2) Inventory procedures. The director of Management Services shall:

(2)(A) develop procedures for implementing this rule; and

(2)(B) develop a form for recording the following information for each fixed asset or other property:

(3)(B)(i) a brief description, including a serial number if any;

(2)(B)(ii) actual or estimated date of purchase;

(2)(B)(iii) actual or estimated purchase price; and

(2)(B)(iv) the disposition of the item.