Business Services Action Item

DATE:	Tuesday, August 23, 2016
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Approve List of Damaged, Stolen, and Missing Tangible and Intangible Personal Property (Business Division)
EXECUTIVE SUMMARY
All site administrators are required to report on a Property Loss/Damage Report (PDR) any missing, damaged, or stolen district property.  State Statute 274.07 and Florida Administrative Code 69I-73.005 requires capitalized unaccounted property be reported to the Board in order to remove the assets from the Fixed Asset Master File.  The Board’s investment in fixed assets will be reduced by the net book value of the reported assets.  The time period for this report is April 1, 2016 – June 30, 2016.
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  No)
At the date of the reported loss, the net book value (cost less depreciation) was $4,785.30.  Governmental agencies, per Government Accounting Standards Board (GASB) Statement 34, are required to utilize depreciation in reporting net assets
EVALUATION
.
SUBMITTED BY:  Jeffrey A. Robison, Property Control Manager

Gretchen Saunders		Dr. Alberto Vázquez
Chief Business Officer (813) 272-4270		Chief of Staff (813) 272-4986
		C 6.07
Hillsborough County Public Schools (Florida) * Mtg.#20160823_765 (Board Meeting) * Section C Item# 6.07