Scott County Schools
Fixed Assets are defined as:
1) Real property with an acquisition value of $5,000 or more that has a useful life of more than one (1) year.
2) ALL computer workstations, regardless of value.
3) Any additional items designated by the Superintendent / designee.
Upon acquisiton, all fixed assets will be added to the inventory and tagged with a "Property of Scott County School District" barcode label. Principals and other supervisors designated by the Superintendent are accountable for the inventory, control and maintenance of all assets and equipment in their area of responsibility. Each school year, results of inventories shall be reconciled, coordinated and reported to the Superintendent and the Board as required by the Finance Officer.
Any actions taken with fixed asset property will be recorded on the Fixed Asset Transfer Form (SCBE-0FA1B). Please refer to the Instruction for Completion of SCBE-FA1B for information on additions, loans, transfers and disposals of any fixed assets.