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Business
Action Item
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DATE: Tuesday, November 18, 2008
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Approve List of Stolen and Missing Tangible and Intangible Personal Property (Business Division)
EXECUTIVE SUMMARY
School Board Policy 7.11 provides authority to the Board to delete from the Fixed Asset Master File, tangible and intangible personal property that has been declared by Property Custodians as stolen or missing. In addition, government generally accepted accounting principles (GAAP) require that the Board's investment in fixed assets be reduced by the cost of the items. The time period for this report is April 1, 2008 – June 30, 2008.
ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)
*Â Demonstrate best financial practices
FINANCIAL IMPACT (Budgeted: No)
The Net Book Value (cost less depreciation) of the items is $35,859.25. Governmental agencies, per Government Accounting Standards Board (GASB) Statement 34, are required to utilize depreciation in reporting Net Assets.
EVALUATION
SUBMITTED BY:
Eddie Rodriguez, Coordinator of Property Control
Jeffrey A. Robison, Property Control Manager
(813) 744-8874
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Gretchen Saunders
Chief Business Officer
(813) 272-4270
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A 5.15
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Hillsborough County Public Schools (Florida) * Mtg.#20081118_305 * Section A Item# 5.15
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