Our policy states:
C. An annual inventory, which consists of a full or partial accounting is conducted by the property custodian or designee and a designee of the CEO.
1. The number of pieces to be inventoried shall encompass 10% of the total items on hand. The 10% shall be comprised of 100% of the high liability items (firearms, narcotics and currency) and the remaining percentage shall come from the outstanding inventory;
Considering that nearly 75% of the overall 10% comes from the high liability area, our inventory always accounts for much more than 10% of the total items on hand.