Winston-Dillard School District 116

Property Inventories

The district shall maintain an inventory of all fixed assets in accordance with governmental accounting standards. The district’s inventory shall be updated to include property newly purchased and disposed.

Fixed assets includes all district-owned property such as land, buildings, improvements to property other than buildings (i.e., parking lots, athletic fields, playgrounds, etc.), and equipment with a value greater than $5,000 as defined by the Program Budget and Accounting Manual, published by the Oregon Department of Education.

The board may authorize the employment of an appraisal company to assist with the inventory procedure.

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