Inventory


 * Annual Inventory Report**

The Annual Inventory Report is usually due in May of each year and includes data from the previous May 1 until April 30 of the current year. It includes a detailed list of expenditures, items added, and discards grouped by material type, and the inventory value of the collection as of May 1 of the current year. The inventory value portion is used for insurance purposes. It is a good idea to print out a blank copy of the annual report early in the year and begin record keeping based on the information that will be needed to complete the annual report.