Hillsborough County Public Schools Business
Action Item

DATE: Tuesday, May 19, 2009
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 requires site administrators to report any missing or stolen school property. State Statute 274.07 requires Board approval to remove property from the Fixed Asset Master File. The Board’s investment in fixed assets will be reduced by the cost of the reported assets. The time period for this report is October 1, 2008 through December 31, 2008.

ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)

* Demonstrate best financial practices

FINANCIAL IMPACT (Budgeted: No)

The net book value (cost less depreciation) of the items is $44,474.90. 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
(813) 744-8874
Gretchen Saunders
Chief Business Officer
(813) 272-4270
A 5.07
Hillsborough County Public Schools (Florida) * Mtg.#20090519_351 * Section A Item# 5.07