Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Inventory Policy topic
No spam. Unsubscribe anytime.
Committee adopts inventory threshold increase to $10,000 to align with federal guidance
Summary
The committee approved a change to policy DIC to raise the fixed-asset tagging threshold from $5,000 to $10,000 to conform with federal guidance.
The Policy Committee adopted a revision to policy DIC that raises the district's fixed-asset tagging threshold from $5,000 to $10,000 to align with federal guidelines.
"They raised the limit from 5,000 to 10,000 for tagging fixed assets, so we're asking to make ours align with federal policy," said Mister Westmoreland, who moved to adopt the revision. The motion received a second and the chair announced adoption with no objections.
Board members did not raise substantive objections during discussion. The committee recorded a roll-call vote approving the change, and the chair moved to the next agenda item following the vote.
