What is the reporting requirement for adjustments under $5,000?

The requirement to use adjustment forms CG-3114 or a physical inventory report for adjustments under $5,000 is based on established protocols within Coast Guard property management practices. These forms are specifically designed to document and account for property adjustments accurately. By utilizing these forms, the management ensures that all adjustments, even those below the $5,000 threshold, are properly recorded in the system, maintaining a clear and auditable trail of all property transactions.

This practice helps in upholding accountability, ensuring that any changes in inventory are tracked, and can be reviewed as needed. This level of documentation aids in compliance with internal controls and financial integrity.

In contrast, while other options may suggest different protocols or no reporting at all, the Coast Guard emphasizes a systematic approach to property management to prevent any lapse in oversight or record-keeping, hence the need for specific forms even at lower adjustment thresholds.