Policy 4.4.1

Inventory Control

A fixed asset inventory of all school equipment shall be maintained by a professional appraisal firm or the District’s insurance company. New items of equipment purchased shall be recorded, in the business office, and reported to the appraisal firm or the District’s insurance company, by the School District Business Administrator annually. A complete on-site appraisal shall be undertaken at the direction of the Board of Education.

An electronic perpetual inventory system will be implemented and used for all transportation parts and supplies with monthly accounting records submitted to the School District Business Administrator for review.