CAPITALIZATION

The Superintendent or designee shall provide for the proper control  and conservation of district property. A list of each capital  acquisition with a purchase cost of $5,000 or more and  computers and computer equipment with a value of $1,000 or  more will be maintained by the Business Office.  

In compliance with State of Alaska and Federal regulations,  furniture, equipment and other assets having a per item purchase  price of $5,000 or more shall be capitalized and accounted for in  accordance with Generally Accepted Accounting Principles and such  other pronouncements as may be applicable.  

(cf. 3270 - Sale and Disposal of Books, Equipment and Supplies)  (cf. 3290 - Gifts, Grants and Bequests)  

(cf. 3400 - Management of District Assets/Accounts)  

Legal Reference:  

ALASKA STATUTES  

14.11.011 Grant applications  

14.11.017 School construction grant conditions  

14.14.050 Annual audit  

ALASKA ADMINISTRATIVE CODE  

4 AAC 06.120 Accounting and audit manuals, charts of accounts, code  descriptions  

4 AAC 51.300 Vocational facilities and equipment  

CARL D. PERKINS VOCATIONAL EDUCATION ACT, Public Law 98-524, 99-159  34 CODE OF FEDERAL REGULATIONS, 74.132-74.140  

Office of Management and Budget, Circular A-102, Attachment N, Property  Management Standards 

KETCHIKAN GATEWAY BOROUGH SCHOOL DISTRICT
Revision Date:  1/29/25
Revision Date:  6/14/06