Happy Golucky Middle School had not implemented controls over the Title I Program inventory. Specifically, the school was not keeping track of the capitalized and noncapitalized Title I equipment purchased during the audit year and previous years. 

Happy Golucky Middle School had not implemented controls over the Title I Program inventory. Specifically, the school was not keeping track of the capitalized and noncapitalized Title I equipment purchased during the audit year and previous years.  It was also noted that Title I capitalized and non-capitalized equipment purchased in the 2015-2016 fiscal year was not identified with the Title I label.
Regarding equipment purchases, during the  initial visit in June, it was found that in December 2018 the school had purchased 59 computers and 59 monitors. Of the 59 computers, two were located in administrative offices and one could not be located. Of the 59 monitors, nine were not being utilized and remained in boxes, three were located in administrative offices and three could not be located.
Regarding another purchase made in February 2019 consisting of 32 laptops and a laptop cart, 31 of the 32 laptops were stored in the school’s vault  which were not being utilized and one could not be located. This laptop was located by the school subsequent to the audit visit. In addition, the laptop cart was not being utilized.
Both purchases amounted to approximately $46,500. Except for the computer cart ($1,525), the rest of the desktop computers and laptops had an individual cost less than $600.
What steps should the principal take to ensure that Title 1 inventory is properly accounted for?
Instructions:
Write a thorough response discussing all steps that you would take as the principal of the school to ensure this no longer occurs. Keep in mind that this error cannot be repeated as it is an audit exception.

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