Departmental property managers are a vital link in the University’s property management system. Each department which holds University property must appoint an individual to act as its property manager. Inventory must be kept up-to-date as to the person assigned this duty. Departmental property managers serve as the liaison between the department and Inventory, and have the specific responsibility of tagging all newly purchased property valued at $5,000 or more, maintaining departmental records as to the exact location of University property, and responding to the biennial audit process conducted by Inventory.