In order to provide for the proper control and conservation of district property, the Superintendent or designee shall maintain an inventory in a manner authorized by the State Board of Education for the following:
1. All items currently valued in excess of $500.
2. All items purchased with federal funds that have a useful life of more than one year with an acquisition cost per unit of $5,000 or more (34 CFR 80-3).
Legal Reference:
EDUCATION CODE
Inventory of Equipment
CODE OF REGULATIONS, TITLE 5
Class 1 - Permanent Records
Historical Inventory of Equipment
Carl D. Perkins Vocational Education Act, Public Law 98-524, 99-159
CODE OF FEDERAL REGULATIONS, 74.132-74.140
Office of Management and Budget, Circular A-102, Attachment N. Property Management Standards
Policy PETALUMA CITY SCHOOLS
adopted: June 25, 2002 Petaluma, California