Inventory Frequency & Schedule   Stanford is required to conduct a biennial Physical Inventory of its capital equipment and sponsor-owned property. This two-year cycle coincides with Stanford’s fiscal year (9/1/xx – 8/31/xx), for example, the current period for the biennial inventory cycle is September 1, 2003 – August 31, 2005. In addition, special inventories may be conducted throughout the year for various purposes such as the verification of stockroom parts, a final inventory at the close of a contract; to update locations in SFA due to organizational changes or physical movement, or to inventory equipment at a subrecipient facility. Developing and managing the schedule for physical inventories is the responsibility of the PMO Physical Inventory Administrator. The inventory schedule is available on the web; take a minute to verify your department’s schedule!