The Superintendent will provide for the proper control and conservation of District property. He/she will maintain an inventory for all items currently valued at $5,000 or greater or a lesser amount if required by state or federal grant requirements or regulations. Information relative to items of lesser value may be maintained for insurance purposes.
Legal Reference:
ALASKA STATUTES
14.11.011 Grant applications
14.11.017 School construction grant conditions
14.14.050 Annual audit
ALASKA ADMINISTRATIVE CODE
4 AAC 06.120 Accounting and audit manuals, charts of accounts, code descriptions
4 AAC 51.300 Vocational facilities and equipment
CARL D. PERKINS VOCATIONAL EDUCATION ACT, Public Law 98-524, 99-159
34 CODE OF FEDERAL REGULATIONS, 74.132-74.140
Office of Management and Budget, Circular A-102, Attachment N, Property Management Standards