6640

INVENTORIES

Adequate inventories of school-owned property and equipment shall be kept through a system of Fixed Asset accounting, by which insurance claims may be substantiated in the case of loss by fire or other cause. Unless and until designated otherwise by the Board of Education, this inventory shall be prepared through the Industrial Appraisal Company.

Adoption date: January 1, 1993

Reviewed on:    April 9, 2002
                        May 5, 2006