The Superintendent shall be responsible for receiving and properly accounting for all funds of the District.
All funds received and/or disbursed by any agency of the school system including any and all District transactions shall be accounted for carefully and accurately; shall conform with generally accepted principles of governmental accounting providing for the appropriate separation of accounts, funds and special moneys, and shall be done in a manner that is easily reviewed and lends itself to auditing.
The school district shall maintain a system for an annual inventory of all tangible real and personal property with a life longer than one year and a unit cost or donated value that equals or exceeds $5,000. In addition, the annual inventory shall include all technology equipment items deemed to be of high risk with a life longer than one year and a unit cost or donated value that equals or exceeds $1,000.
The equipment inventory shall serve both the function of control and conservation.
Responsibility for the system shall lie with the Superintendent to whom principals shall be accountable for the maintenance of proper inventories in their schools.
Adoption Date: August 01, 2004
Last Revised: February 09, 2004
| Legal References: | C.R.S. ยง 29-1-506 (Continuing Inventory) |