The Alaska Inventory of Property is a comprehensive program designed to maintain an accurate record of all tangible real and personal property owned by the State of Alaska. It is a tool used to track and manage the state's assets and ensure they are properly accounted for and utilized. It includes a variety of items such as furniture, equipment, vehicles, and land. The Alaska Inventory of Property consists of three distinct types of inventories: fixed asset inventory, consumable inventory, and lease inventory. The fixed asset inventory tracks all items purchased by the state for over $500, such as office furniture and computers. The consumable inventory tracks items that have a short lifespan, such as office supplies, medical supplies, and chemicals. The lease inventory tracks items that are leased or rented to the state, such as vehicles, equipment, and office space.