Policy Statement:

• The President or designee shall establish and implement procedures to control College Property and assets in accordance with Florida law and rules.
  

• The minimum value of property which must be kept on inventory records will comply with Section 274.02(1)F.S.  The word "property" shall mean all equipment, furniture, and other items which meet the definition of property as set forth in Florida law.  Each item of property will be marked in the manner required by law.
  

• All active College owned property and equipment that has been assigned an asset tag number shall be inventoried annually and discrepancies shall be traced and reconciled. 
   

• All personnel, College employees and contractors, are responsible for property under their supervision. 
  

• The President is authorized to recommend to the District Board of Trustees that College property which is deemed obsolete, damaged, or the use of which is uneconomical or inefficient, may be classified as surplus property for the purpose of disposal, in accordance with Florida law.  
  
  
  

Related Documents and Policies:

History:

Adopted 12-11-74; Amended 12-15-82; Formerly 6Hx28:6-15; Amended 9-19-90; Amended 11-18-92; Amended 6-21-05; Formerly 6Hx28:06-26