Ala. Admin. Code r. 356-X-5-.01

Current through Register Vol. 43, No. 02, November 27, 2024

Section 356-X-5-.01 - Inventory Control

(1) An inventory control on all fixed assets and equipment shall be maintained. Department heads are accountable for departmental inventories at the school level. Department heads will be held personally accountable for any unreported losses resulting from failure to provide additions and/or deletions to the school's inventory.

(2) A physical inventory of all fixed assets and equipment will be made periodically. Contributions of equipment and other property made by PTSO and and other organizations become the property of the school and must be entered into the inventory.

(3) All fixed assets and equipment valued at $100 or more will be reported to the State of Alabama Inventory Control office semiannually.

Author:

Ala. Admin. Code r. 356-X-5-.01

Filed September 30, 1982.

Statutory Authority: H.J.R. 145, September 17, 1971.