4430 – Inventory System

Through the use of appropriate staff, the Superintendent, or designee, shall be responsible for maintaining an accurate inventory of materials and equipment in the school system. Principals of individual schools and directors of separate divisions shall make reports on all materials held and used in the operation of the school district.

A perpetual inventory and cataloging system should be developed to monitor efficiently the quantity and condition of all threshold items purchased and in use by this school district.

Grand Island Public Schools capitalized furniture and equipment threshold is $5,000.  For lower per unit priced items that are purchased as a unique grouping the entire grouping (i.e. computer lab furniture for a particular room) cost shall be captured and inventoried.

Policy Adopted 10/4/76

Policy Reviewed 12-6-99

Policy Revised:  07.13.2015