Kent City Community Schools
Administrative Guidelines
 

7455 - ASSET ACQUISITION, TRANSFER, AND DISPOSAL

Acquisition

A requisition shall be completed and submitted to the Finance Director for approval.

When the asset is received, it will be received electronically by the origining department.

Transfer and/or Disposal

 

A.

A request for asset disposal (transfer) (Form 7455 F1) is to be submitted to the Finance Director for approval.

 
 

B.

Annually, the Business office shall prepare a master list of all entity assets, a report of assets purchased, and a report of assets disposed of or transferred.

 
 

C.

Any evidence of lost, stolen, or damaged assets shall be immediately reported to the Finance Director. The Superintendent and Operations Director shall investigate the matter and determine the appropriate action.

 
 

D.

Periodic physical inventories shall be conducted to ensure accountability for the assets of the entity. The District shall adopt inventory guidelines to become a part of these procedures.

© Neola 2007