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WINTER CONFERENCE
By Don Harris
Multiple Reasons Why Managing
Capital Assets Is So Important
Sara Kirk Deb Godley
The task of managing capital assets and overseeing property Maintaining proper records helps safeguard against theft
control of your school district is important for many reasons, and maximizes efficient use of your property, Kirk said. It also
not the least of which is taking care of taxpayers’ dollars. helps to keep taxpayers and grantors well-informed.
Sara Kirk, Consulting Partner with Heinfeld Meech, and “When you go to voters for bond funds, they want to know
Deb Godley, in capital assets with West-MEC, offered tips and that you spent funds for that specific item,” Kirk said. “The
suggestions for AASBO members in a breakout session at the majority of bond funds are converted to capital assts. Can you
annual Winter Conference on January 30. show how you spent funds? It’s the same with federal grants for
Kirk recommended utilizing information on capital assets vocational education.”
for current and long-range planning. If you don’t, you might Another factor involves risk management. That means
not know when the last time your school had a roofing project. making sure you have property insurance that is adequate for
It can be an important tool for financial decision-making. replacements, especially to protect against a disaster, Kirk said.
“School districts are the stewards of public funds,” Kirk
said. “If you don’t know what you have, do you make the right
decisions about future expenditures of public funding?” Continued on page 12
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10 THE EDGE | SPRING 2019
