Fixed Assets & Inventory
Fixed assets are defined as equipment with a unit value over $5,000. These assets are tracked and recorded on the district’s general ledger. Fixed assets that are stolen, obsolete, damaged beyond repair, etc. should be reported to Business Services for removal from the district’s financial records. All fixed assets must be purchased through the use of an Object Code 66XX.
Items lost due to theft or vandalism must be reported immediately for police report and insurance claim purposes.