Cape Coral Charter School Authority
Bylaws & Policies


The Governing Board shall maintain a fixed-asset accounting system. The fixed-asset system shall maintain sufficient information to permit the following:

 A.the preparation of year-end financial statements in accordance with generally-accepted accounting principles;

 B.adequate insurance coverage;

 C.control and accountability.

Fixed assets are defined as those tangible assets of the Authority (including leased fixed assets) with a useful life in excess of one (1) year and an initial cost equal to or exceeding the amount defined in F.A.C. 69I-73.002.

Fixed assets shall be recorded at actual, or if not determinable, estimated purchase price or fair market value at the time of acquisition.

The Superintendent shall develop administrative procedures to ensure proper purchase, transfer, and disposal of fixed assets.

F.S. 274.02, 1001.43
F.A.C. 69I-73.002

© Neola 2013