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Germantown board considers raising threshold for surplus property sales in first reading of policy 2.403
Summary
The Germantown Board of Education received a first reading of proposed changes to Policy 2.403 on Aug. 12 that would raise the surplus‑property per‑unit threshold from $5,000 to $10,000 and add language about deducting handling costs from federal proceeds.
Board staff presented a first reading of proposed revisions to GMSD Policy 2.403 (surplus property sales) at the Aug. 12 work session.
What was proposed: The draft policy increases the per‑unit fair market value threshold that permits immediate retention, sale or disposal without further federal‑award oversight from $5,000 to $10,000. Staff showed the specific language changes in the packet and noted new language that, if federal‑awarded equipment is sold, "the federal awarding agency may permit GMSD to deduct and retain from the federal share $1,000 of the proceeds to cover expenses associated with selling and handling."
Board action and next steps: The item was presented as a first reading; no vote was taken. Trustees asked for questions and none were raised in the work session. The administration will return the policy for second reading or action at a future business meeting following the district’s established policy revision timeline.
