Originator: Materials Management
Effective: December 9, 1997
The purpose of this policy is to establish and maintain control over Red River College Polytechnic inventory assets. It is the responsibility of managers to maintain control of all assets assigned to their budget centres. The Materials Management department will maintain the central record of assets assigned to each budget centre and will review these records annually with the managers. A periodic audit test of the records will be conducted by Materials Management to ensure records accurately reflect the assets of the College.
Capital expenditures for Red River College Polytechnic are defined to be: