BOARD OF TRUSTEES

INVENTORY POLICY

03/2007

I. Purpose

The purpose of the policy is to establish an inventory control system for the Church. In order to properly document all Church property for insurance purposes and insure the proper care and maintenance of all Church property and provide adequate security for same, the Trustees will oversee the record keeping of the inventory.

II. Authority

This document is authorized by the Board of Trustees and any variations or exceptions to this policy must first be approved by the Board of Trustees and when appropriate, by the Church Council.

III. Policy Life

This policy or its subsequent revisions will remain in force as long as the First United Methodist of Burleson exists.

IV. Inventory Record Keeping

Utilizing the forms designated for inventorying Church property the Trustees will cause an initial inventory of all church property to be taken and at a minimum of at least every three years, complete an audit of such records to verify the accuracy and completeness of inventory records.

Records are to be kept by building / room (for furnishings), plant equipment (for large appliances, heating/cooling equipment, vehicles (for all transportation equipment) security for security equipment (monitors, fire suppression, smoke detectors, etc.) and computers & computer software.

See Inventory Forms.

(Note: Last inventory taken in 2006…..next due in 2009)