683 - DISTRICT ASSET MANAGEMENT
The Superintendent or his/her designee shall have overall responsibility for asset management in the District, including the receipt, warehousing, inventory and disposal of all District supplies and equipment.Supplies and equipment shall be received in accordance with established administrative procedures.
Inventories of District property shall be maintained. All items purchased with a value of $300 or greater and a life of three years or more shall receive a tag containing a bar code symbol and the identifying words “Auburndale School District.” Items of lesser value may be inventoried for control purposes. All items with a value of $2,500 or greater shall be recorded as fixed assets on the District’s financial accounting system.
Furniture, equipment and supply items no longer needed by the District are to be disposed of by periodically holding public sales or by making them available on a reasonable basis to any non-profit organization. Public notice will be given concerning details for the disposition of these items. Non-saleable items will be sold for salvage or destroyed.
Textbooks, library books and other instructional materials no longer needed by the district may be disposed of by recycling, incinerating, sale or scrapping. Requests from organizations or individuals for any of such materials will be considered, with first priority being given to non-profit organizations.
Any sale of property belonging to and no longer needed by the District shall be authorized by the District’s annual meeting. All monies received from the sale of these items or salvage materials will be deposited in the General Fund.
Adopted: February 18, 2004
Posted: 11/15/2007 11:55:48 am