Schools need supplies and equipment to operate quality programs. Supplies are consumable items used daily and purchased throughout the school year. Equipment is the furniture and fixtures that last over a period of time. Equipment is inventoried and considered a fixed asset of the district. Large districts may have a central warehouse to store materials. They may take advantage of volume pricing discounts from distributors. Smaller schools rarely have extra space for storage. When a district plans a major purchase or costly project, a bidding process identifies interested vendors or contractors. Once a bid has been approved, a vendor must be used. The administrative code of the district will outline specific procedures for vendors.
Risk management protects businesses from loss or liability. Protecting assets and insuring against injury claims cannot be overlooked or diminished. Some districts self-insure against loss, whereas most purchase commercial insurance.
This resource provides instruction for users to:
