School district property, such as equipment, furnishings, or supplies (hereafter equipment), will be disposed of when it is determined to be of no further use to the school district. It shall be the objective of the school district in disposing of the equipment to achieve the best available price or most economical disposal.
Equipment having a value of less than $25,000 will be disposed of in a manner determined by the superintendent or designee. The disposal of equipment in this manner will be published in a newspaper having general circulation in the school district.
A public hearing will be held regarding the disposal of equipment with a value of $25,000 or more prior to the board’s final decision. The board will adopt a resolution announcing the proposed disposal and will publish notice of the time and place of the public hearing. A description of the property will be in the resolution. Notice of the public hearing will be published at least once, but not less than ten (10) days and not more than twenty (20) days prior to the hearing date. Upon completion of the public hearing, the board may make a final determination on the proposal contained in the resolution.
Proceeds from the sale or disposition of equipment will be deposited into the fund which was used to account for the acquisition of the equipment. If the school district is unable to determine which fund was used to account for the acquisition of the equipment or if the fund no longer exists in the school district, the proceeds from the sale or disposition of equipment will be placed in the general fund.
Approved: 7-1-92
Reviewed: 12-11-95, 11-13-00, 10-14-03, 4-9-07, 1-19-10, 6-11-14
Revised: 7-11-22
