DID ©
INVENTORIES

The Superintendent shall establish a program to implement District inventory procedures, which shall include inventory of land, buildings, and equipment as required in the Uniform System of Financial Records (USFR).

The acquisition threshold for capitalizing items and entering them on the general fixed assets listing shall be five thousand dollars ($5,000) or greater.  Items having an acquisition cost greater than one thousand dollars ($1,000) but less than five thousand dollars ($5,000) shall be placed on the stewardship listing.  General fixed assets and stewardship items shall be inventoried as specified by the USFR.

Adopted:  date of Manual adoption

LEGAL REF.:
Uniform System of Financial Records