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902.6 - Disposition of Obsolete Equipment




School property such as equipment, furnishings, or supplies will be disposed of when such property is determined to be of no further use to the district. It is the objective of the district in disposing of the property to achieve the best available price or most economical disposal.

Obsolete equipment having a value of less than $5,000 for an individual item will be sold or disposed of in a manner determined by the superintendent [or designee] which may include sealed bids, donation to a non-profit group, auction, garage sale, or via electronic means. However, the sale of equipment, furnishings, or supplies disposed of in this manner will be published in a newspaper of general circulation. The publication of the sale or disposition will be published with at least one insertion each week for two consecutive weeks. Any other disposition may be done in any other manner including only one insertion in same newspaper.

A public hearing will be held regarding the disposal of the equipment with a value of $5,000 or more prior to the board’s final decision. The board will adopt a resolution announcing the proposed sale and will publish notice of the time and place of the public hearing and the description of the property will be in the resolution. Notice of the public hearing will be published at least once but not less than 10 days and not more than 20 days prior to the hearing date. Upon completion of the public hearing the board may authorize disposition of the property.

It is the responsibility of the superintendent, in collaboration with the chief financial/operating officer, to make a recommendation to the board regarding the method for disposing of property of no further use to the school district.

Adopted: 6/70
Reviewed: 1/14; 4/16; 2/19
Revised: 11/12; 5/15
Related Policy (Code #): 704; 705.1; 803
Legal Reference (Code of Iowa): §§ 297.22-.25 (2014)