Warrington School/Board Of Trustees/NEW Asset Protection Policy

Warrington School Policy 4 – Asset Protection Policy (NAG 4) 

Accordingly, the principal and board must:

(how can this happen if the gates are open for public use?) (define improper wear - high jump mat used for rough and tumble game) (how will this be defined?) (not always possible with smaller jobs or when job is undertaken by local tradeperson) (intellectual property is all released as creative commons licensed so the board own no IP)
 * insure assets
 * not allow unauthorised personnel or groups to handle funds or school property
 * not subject plant and equipment to improper wear and tear or insufficient maintenance or inappropriate use
 * maintain an up to date asset register for all items of furnishing, plant machinery, equipment, text and library books costing more than $500.00
 * ensure the implementation of the 10 year property maintenance plan
 * engage sufficient property maintenance staff for the school within budget limitations
 * receive board approval for maintenance contracts over $5000 for any one contract
 * conduct competitive tenders for all contracting
 * protect intellectual property, information and files from loss or significant damage or unauthorised access or duplication
 * not receive, process or disburse funds under controls that are insufficient to meet the board-appointed auditor’s standards
 * not invest or hold operating capital in insecure accounts, or in non-interest bearing accounts except where necessary to facilitate ease in operational transactions

Review schedule: Triennially