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Trustees adopt ISBA-recommended policy updates, raise fixed-asset threshold to $10,000
School Town of Speedway Board of Trustees · March 11, 2026
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Summary
The board approved two ISBA-recommended policy updates: raising the district's fixed-asset accounting threshold from $5,000 to $10,000 and adopting a vacancy-filling policy that follows Indiana law (majority vote within 30 days or circuit court appointment). The vote was 4-0.
The School Town of Speedway board on March 10 adopted two policy updates recommended by the Indiana School Boards Association (ISBA), including a change to the district's fixed-asset accounting threshold and an update to the board vacancy policy.
Staff said the first change…
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