This publication presents performance flow charts and other accompanying forms that are elements of an economical computerized continuing inventory system. The system described here is intended to serve school systems as an adequate fixed asset system and to provide a computerized inventory model that offers support for costs of future educational program designs and contributes to budget preparation by school systems. The inventory design consists of two subsystems, one for fixed assets and one for materials and supplies. The sample forms presented are applicable to both of these subsystems and include inventory reports, buglary/vandalism/loss reports, maintenance of inventory records, new acquisition/file update records, equipment checkout forms, forms for permanent transfer or disposal of fixed assets or supplies, and forms for making miscellaneous record changes. In addition, group and item classifications are explained along with a plan for numbering inventory items, and an explanation of how to develop a catalog of item labels with identifying numbers is provided. A sample computer printout is also included. (Author/JG)