School District Purchasing & Inventory

SD Codified Law - Purchases

• SDCL 13-20: School District Purchases and Contracts

Purchase Request Process

Purchasing Department

Purchasing Department processes PR and sends to

Business Office for financial approval

Purchasing Department•Best prices•Procures quotes or bids•Codes•400 – General Fund•500 – Capital Fund

Warehousing / Inventory

• Track amount and usage•Capital items•Depreciation schedule• Code: 900• $5,000 - vehicles, equipment• $10,000- improvements• $50,000- building projects

Surplus

•Disposal of items that have outlived their usefulness•SDCL 13-21: Disposal Of School District Property•Code: 800 – loss on capital assets