Action Item
|
Business
Action Item |
| DATE: | Tuesday, December 7, 2010 |
| TO: | School Board Members |
| FROM: | MaryEllen Elia, Superintendent |
| SUBJECT / RECOMMENDATIONS | |
| Approve the Disposal of Obsolete Tangible and Intangible Personal Property (Business Division) | |
| EXECUTIVE SUMMARY | |
| Disposal will be by public auction to the highest bidder or by salvaging, if no bid can be obtained. Tangible and intangible personal property requested for removal from the property records is nonfunctional (obsolete), damaged beyond economical repair, or has been cannibalized for parts. There are 12 items with a remaining net book value and 834 items with a zero net book value.
The period for this report is July 1, 2010 - September 30, 2010. Generally Accepted Accounting Principles require that assets, which are nonfunctional or damaged beyond economical repair, be removed from the property records. |
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| STRATEGIC OBJECTIVES | |
| • Demonstrate best financial practices | |
| FINANCIAL IMPACT (Budgeted: No) | |
| There are no additional costs to the district; however, the Fixed Assets Master File will be reduced by the net book value of $4,254.76. All proceeds received from the auction will be deposited into the General Fund. | |
| EVALUATION | |
| SUBMITTED BY: Eddie Rodriguez | |
| Jeffrey A. Robison | Gretchen Saunders | |
| Property Control Manager (813) 744-8874 |
Chief Business Officer (813) 272-4270 |
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| A 5.26 | ||
| Hillsborough County Public Schools (Florida) * Mtg.#20101207_432 (Board Meeting) * Section A Item# 5.26 | ||