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Near year-end, the annual inventory count is performed by a physical inspection of items on <br />hand and comparing these items with the Division's inventory records to verify the accuracy of <br />their records. Departments can submit inventory adjustments to record items not included <br />timely into the inventory system that were discovered during the physical count. When there are <br />discrepancies, the clerk reports it to the custodian (overseer/division chief/director) who then <br />reports it to the Finance Director via the inventory listing, additions worksheet, or equipment <br />disposal form. <br />How much inventory was reported to the Hawai"i County Council as of June 30, 2015? <br />DPW total inventory was $27.1 million, which accounts for 20 percent of fixed assets <br />countywide. (Figure 1) DPW materials, tools, and supplies (MTS) inventory totaled $1.5 million, <br />which accounts for 55 percent of MTS countywide. (Figure 2) Below is also a comparison of <br />the Highway Maintenance by baseyard locations of fixed asset inventory (Figure 3) and <br />materials, tools, and supplies inventory. (Figure 4) <br />Countywide versus DPW Fixed Assets and Inventory <br />County of Hawai"i <br />Fixed Assets (including <br />Controlled Assets) <br />as of June 30, 2015 <br />Dept. of <br />Public Works <br />$27.1 M <br />20% Other County <br />Depts. <br />$110.7 M <br />80% <br />Figure 1 <br />County of Hawai"i <br />Materials, Tools, and Supplies <br />as of June 30, 2015 <br />Dept. of Public <br />Works <br />$1.3 M $1.5 M <br />45% 55% Other County <br />Depts. <br />Figure 2 <br />Source: County of Hawai"i Inventory (June 30, 2015) Provided by Finance Property Management Division <br />DPW Highway Maintenance Division Inventory Management: Background 15 <br />