University Accounting and Financial Reporting has established revised due dates for the state mandated 2020 equipment biennial inventories previously extended due to the COVID-19 pandemic.
New due dates for all affected units are as follows:
- UIC East Side biennial cycle previously scheduled to certify on March 31, 2020
- Certification due date is now December 31, 2020.
- Pending Resolution due date is now March 31, 2021.
- UIUC and System Office units previously scheduled to certify on August 31, 2020
- Certification due date is now January 31, 2021.
- Pending Resolution due date is now April 30, 2021.
These new due dates have been updated in the Biennial Inventory System and automated notification emails will be re-enabled shortly. Departments with original biennial inventory due dates of 2021 are not affected by the extension and should proceed as usual with their physical inventory of equipment.
The system is open and available for units to begin, continue or complete their 2020 or 2021 biennial inventory.
Click here for physical inventory training participant guides and helpful job aids. Units can also find these newly announced due dates under BusinessUpdates - CFO.
Contact
For questions regarding the new biennial due dates or if your unit has concerns over meeting the due dates, please contact Magdalena Jach at mj20@uillinois.edu or 312-585-9171.
