4:185 - Property Control and Valuation

Policy 4:185

Business and Non-Instructional Operations

Property Control and Valuation

An inventory of equipment shall be maintained and shall serve the functions of property control and determination of necessary insurance coverage. Equipment shall be defined as indicated in the Illinois State Board of Education Requirements for Accounting, Budgeting, Financial Reporting and Auditing.

Adopted: September 8, 1997
Revised: March 19, 2012

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