University Accounting and Financial Reporting wishes to remind University Units of the September 30, 2021 certification due date for all previously extended 2020 and 2021 equipment Biennial inventories. Due dates are now the same for all open cycles as follows:
- Certification due date is September 30, 2021.
- Pending Resolution due date is December 31, 2021.
Additional extensions previously granted from the State of Illinois are not expected, and uncertified units must make plans for completing the tasks and duties needed to certify equipment. Please be aware all units will still have a 3-month pending resolution window after certification running October to December 2021 to research and resolve pending/unfound items to complete the Biennial Inventory process.
Click here for physical inventory training participant guides and helpful job aids.
Units can find the due dates within the Biennial Inventory system, on-line CFO resources and the Equipment Management Bulletin webpage:
Business Updates - CFO
Equipment Management Bulletin
Contact
For questions regarding the Biennial due dates, please contact Magdalena Jach at mj20@uillinois.edu or 312-585-9171 or Juana Rodriguez at juana@uillinois.edu or 312-585-9146.
