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Recycle/Disposal of Surplus Equipment: FIN 110

RECYCLE/DISPOSAL OF SURPLUS EQUIPMENT

       

     FINANCE: 100

Recycle/Disposal of Surplus Equipment: FIN 110

Adoption Date: October 25, 1999

Revised: April 2, 2007

Scope 

This policy covers the disposal / recycling of all surplus equipment owned by the Board.

 

Purpose

To outline administrative practices for the disposal / recycling of used equipment.

 

Policy Statement        

It is the policy of the Cape Breton-Victoria Regional School Board that surplus equipment will be recycled or disposed of by the Purchasing Agent.  Equipment disposed of will be advertised on an “as is/where is” basis at prices determined by the Purchasing Agent to represent fair market value.

 

Cross Reference

PSS 245 - Surplus Equipment Policy


Authorization             

This policy has been authorized by the Board under motions number....

    

Responsibility            

It is the responsibility of the Director of Finance to ensure that this policy and administrative procedures are implemented.

 

Implementation                     

The Purchasing Agent will implement the policy and administrative procedures.

 

Procedures

1.         The Purchasing Agent will be notified of equipment to be recycled/disposed of.

2.         When a sufficient quantity of surplus equipment is on hand, the Purchasing Agent will arrange for recycling of equipment to other sites.  Equipment not recycled will be offered for sale.  The general public will be notified by an advertisement in the local papers.

3.         The Purchasing Agent will dispose of equipment on the basis of best price received.

4.         Proceeds of sale will be forwarded to the Director of Finance for deposit to the Board's account.

5.         Individual items sold with a value of greater than $2,500. will be presented to the Board for ratification.

 

Associated Forms                              

 

Policy Review            

This policy will be reviewed by Director of Finance within three years from the authorization date.

 

Distribution

Board Members

All Policy Manual Holders


See also
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