Based on actual cost
Based on district budget
School districts are required under governmental accounting standards to keep records of fixed assets valued above a set threshold, from computers and audio/visual devices to office furniture and maintenance vehicles. Yet more often than not, schools lack the internal resources-adequate staff or time-to effectively track inventory and account for fixed assets, which can result in increased financial risk and less-than-favorable audit reports. This service can help school districts track fixed assets for auditing, inventory control, and insurance purposes. This important fiscal management practice in turn helps districts protect the community investment in education by reducing risk and liability.