7450 - PROPERTY INVENTORY

The Board recognizes that efficient management and full replacement upon loss requires accurate inventory and properly maintained property records.

For purposes of this policy "tangible personal property" shall mean any tangible personal property, of a nonconsumable nature, with a life expectancy of more than one (1) year which has a capitalized value equal to or greater than the value defined in F.A.C 69I-73.002.

A complete inventory of all District-owned tangible personal property shall be conducted annually and when there is a change of site custodian at a school or department location. A principal or department head shall obtain a police report of any District-owned tangible personal property that is reported missing or stolen from the location's inventory and provide a copy of the report to Accounting Services to document write off of the assest. 

The Accounting Services Department maintains procedures outlining all processes required to administer this policy in compliance with F.S. 274.02 and will revise when required. 

Revised 10/28/14
Revised 3/12/24

© Neola 2002