Asset Protection 2.6

The Superintendent shall not allow assets to be unprotected, inadequately maintained, inappropriately used, or unnecessarily risked. Accordingly, the Superintendent shall not:

1) Fail to maintain insurance coverage against theft and casualty losses to 100% of replacement value.

2) Fail to maintain insurance coverage against liability losses to Board members, staff, and the District itself in an amount that is reasonable for school districts of like size.

3) Fail to ensure that facilities and equipment are not subject to improper wear and tear or insufficient maintenance.

4) Allow non-bonded personnel access to material amounts of funds.

5) Expose the District, the Board, or staff to legal liability.

6) Fail to protect intellectual property, information, and files from loss or significant damage.

7) Fail to properly preserve and dispose of all records related to affairs or business of the District.

8) Invest funds in securities.

9) Fail to maintain a current and accurate inventory of all District fixed assets.

10) Fail to maintain and protect the District’s data management systems, technology infrastructure, telecommunication system, Internet service, and other District hardware and software.

Date Warned: June 8, 2007

Date Adopted: July 1, 2007