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<br />______________________________________________________________________________ <br /> <br />Page 1 of 2 <br /> <br /> <br /> <br /> <br />COMMISSION POLICY <br /> <br />Section: Category: <br />Governance Delegation to Management Policies <br />Policy Reference: Policy Title: <br />G.4l2 Inventory <br /> <br /> <br />1.0 POLICY <br />ERMUThe Utility has supplies and equipment that is utilized for electric and water infrastructure <br />construction and maintenance. Inventory management is an important operational <br />componentissue because it affects capital requirements, costs, and customer service. <br />2.0 RECORDING INVENTORY USE <br />Employees that utilize inventory are required to accurately record its use as follows: <br /> Determine/estimate items needed to perform the particular project/day’s work; <br /> Remove required items from inventory stock; <br /> Transfer items to vehicle being used to travel to the project/work site; <br /> Upon completion of the project/day’s work, record inventory items used in the <br />barcoding software and update for authorization and record-keepingon the inventory <br />sheet to be turned in for record keeping; and <br /> Return any unused items to inventory stock in a timely manner. <br /> <br />3.0 REGULAR COUNTS <br />On at least an annual basis, inventory counts are to be performed and a reconciliation of any <br />discrepancies completed to account for all inventory used and inventory still in stock. <br />Because there are inventory items that justify more careful planning and attention, such items <br />will be reviewed with higher frequency. Significant items (as identified by purchasing and <br />management) including items costing over $1,000 per piece or high- risk items (such as wire <br />with high salvage values) will be counted monthlyquarterly. A reconciliation will be performed <br />for any discrepancies to account for all inventory used and inventory still in stock. <br />50