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BPS technology revolving fund helps offset device refresh costs; last resale netted about $700,000
Summary
BPS described the technology revolving fund process to councilors: the district refreshes devices on a three- to four-year cycle, sells used equipment via a reseller to a revolving account (about $700,000 in the last cycle), and spreads new device purchases through the city's lease-purchase arrangement.
Councilors asked for detail on the Technology Revolving Fund and device procurement. District officials said the fund records proceeds from sales of district devices that have reached replacement age and uses that revenue to offset future purchases. "The last time we did a bid, I think we took in about…
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