Tippecanoe School Corporation
Bylaws & Policies
 

7450 - PROPERTY INVENTORY

An annual inventory shall be taken in each building. This inventory shall be completed by the building principal on the prescribed form and submitted to the Chief Financial Officer for insurance purposes.

General fixed asset accounting practices shall be handled in accordance with the guidelines of the State Board of Accounts. Individual items with an original value of more than $5,000 shall be recorded. The general fixed asset accounting information shall be updated annually by the building principal and submitted to the Chief Financial Officer.

Revised 3/14/12

© Neola 2011