The document outlines UCSB's policies for managing equipment, distinguishing between inventorial equipment (over $1500) and non-inventorial. Inventorial equipment must be purchased through the Purchasing Department and is tracked, while departments track non-inventorial equipment. Departments are responsible for the care, security and inventory of equipment and must notify Equipment Management of any changes or disposals. Departments must take an annual physical inventory of inventorial equipment and continually update records to streamline the process. Stolen equipment should be immediately reported and removed from inventory records.