We have completed the federally mandated biannual physical inventory test of capital equipment included on the UW-Madison Capital Inventory System. Over the years our audit findings have improved thanks to your efforts. We want to thank all the departmental staff who helped us in completing this audit in a timely manner. Your cooperation and assistance was greatly appreciated!

We found the rate of capital equipment being discarded with no authorization or only verbal authorization has not improved since our previous audit, and is still unreasonably high. Remember, all capital equipment disposals must be properly authorized and documented. This includes cannibalized items and property that SWAP does not accept or collect. When disposing of equipment you must have written authorization (an Email will do) from SWAP. After obtaining approval, prepare and send in the "Surplus Property Pick-up Request" form to SWAP to ensure the Inventory System is changed to reflect the disposal.