The district will maintain a complete property inventory which lists all district-owned property such as land, buildings, improvements to property other than buildings (i.e., parking lots, athletic fields, playgrounds, etc.) and equipment with a value greater than $1,000.† The inventory shall also include all district supplies with a value greater than $500.† The districtís inventory will be updated annually to include property newly purchased or disposed.†


Current records shall be maintained for the receipt, distribution/disposal and inventory of commodity foods as required by federal law.


The board may authorize the employment of an appraisal company to assist with the inventory procedure.