As steward of this District's property, the Board of Education recognizes that efficient management
and full replacement upon loss requires accurate inventory and properly maintained property records.

The Board shall maintain a continuous inventory of all District-owned equipment.

For purposes of this policy, "equipment" shall mean a unit of furniture or furnishings, an instrument,
a machine, an apparatus, or a set of articles which retains its shape and appearance with use, is
nonexpendable, costs at least $5,000 as a single unit and does not lose its identity when incorporated
into a more complex unit.

Approved/Adopted: July 13, 2009