The State Auditor and Inspector has determined that the statutory and accounting requirements for county inventories can be met by maintaining two separate inventories:
19 O.S. § 178.1

1. A fixed assets inventory of all county equipment with an original cost of Twenty-Five Hundred Dollars ($2,500.00) or more and all IT hardware and software (non-road/bridge) with an original cost of Five Hundred Dollars ($500.00)
   19 O.S. § 1502
2. A consumable inventory of all county materials purchased in lots of Twenty-Five Hundred Dollars ($2,500.00) or more

Each county office, department, or other entity must maintain a set of inventory records.

On November 1, 2022, the minimum cost was raised from Five Hundred Dollars ($500.00) to Twenty-Five Hundred Dollars ($2,500.00) for tracking fixed assets inventory and consumable inventory. The State Auditor and Inspector recommends applying this new threshold of Twenty-Five Hundred Dollars ($2,500.00) going forward from November 1, 2022. All inventory at the lower threshold of Five Hundred Dollars ($500.00) will remain on the official inventory and will only be removed at the time of the disposal, following the proper disposal procedures.