Code: DID
Adopted: 4/16/02
Readopted: 2/21/17
Orig. Code(s): DID

The Northwest Regional Education Service District (NWRESD) will maintain a complete property inventory which lists all buildings, equipment and supplies with a value greater than $5,000. This inventory will be updated as necessary. The purpose of the inventory will be to satisfy requirements for insurance coverage and annual audits, to aid the administration in the management of equipment, to assist in budgeting for replacement and to affix responsibility for the custody of equipment.

To update these records, the NWRESD will keep current records of equipment disposed of and newly purchased.

A regular physical inventory of the NWRESD’s permanent property shall be taken under the direction of the superintendent who will develop the necessary regulation to implement this policy.

END OF POLICY

Legal Reference(s):

• ORS 334.125(7)
• OR. DEP’T OF EDUC, PROGRAM BUDGET AND ACCOUNTING MANUAL.

Cross Reference(s):

• DN - Disposal of ESD Property