HCPS FL Logo Business
Action Item
DATE: Tuesday, September 24, 2013
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
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 require unaccounted property to 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, 2013 – June 30, 2013.
STRATEGIC OBJECTIVES
•┬áDemonstrate best financial practices
FINANCIAL IMPACT (Budgeted:  No)
At the date of the reported loss, the net book value (cost less depreciation) was $11,704.65.  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   Gretchen Saunders
Property Control Manager
(813) 744-8874
  Chief Business Officer
(813) 272-4270
    A 6.14
Hillsborough County Public Schools (Florida) * Mtg.#20130924_598 (Board Meeting) * Section A Item# 6.14