Business Services Action Item

DATE:	Tuesday, December 5, 2017
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Removal of the List of Lost and Damaged Tagged Assets from the Fixed Asset Master File Due to the Fire at Lee Elementary (Business Services Division)
EXECUTIVE SUMMARY
On September 12, 2017, Lee Elementary suffered an extensive fire.  Power to the school had been lost during Hurricane Irma and when power was restored, a fire started that fully engulfed the school. The fire was ultimately determined to be caused by electrical and storm water damage that had occurred as a result of the hurricane.  This list is only for the capitalized and non-capitalized tagged assets, including the building(s) and site improvements, which cannot be utilized in any future plans for this site.  The list does not include the supplies, textbooks, personal items, or the non-tagged assets such as; student chairs, student desks, tables, furniture, and lower cost electronic items that do not qualify for a unique asset number.  State Statute 274.07 and Florida Administrative Code 69I-73.005 requires capitalized unaccounted property, or assets damaged beyond use, be reported to the Board.
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  No)
EVALUATION
The Property Control Department has completed a thorough inventory of all items that had been with staff and were not at the school during the fire.  Those assets, along with additional assets that were made available to Lee Elementary, will remain on inventory for Lee Elementary.
SUBMITTED BY:  Jeffrey A. Robison, Accountant II, Property Control

Gretchen Saunders		Dr. Alberto Vázquez
Chief Business Officer (813) 272-4270		Chief of Staff (813) 272-4986
		C 6.29
Hillsborough County Public Schools (Florida) * Mtg.#20171205_824 (Board Meeting) * Section C Item# 6.29