1. An up-to-date inventory list on equipment and furniture that has a unit replacement value of $100 or more shall be maintained.
  2. Each year the principals will provide the information necessary to maintain the inventory. Textbooks and other such instructional materials will be inventoried by the principals. This list should be current at all times.
  3. The procedures for taking and valuing furniture and equipment and for documenting losses shall be established in consultation with insurers.

Adopted: Prior to 2013