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Assets
Assets in our Lawson System are broken down into three groups:
Capital Assets, Inventory Assets and Technology Assets
Capital Assets are identified according to the guidelines set forth in the Financial Accounting Resource Guide (FAR). The requirements are as follows:
- is tangible in substances and nature
- has an estimated useful life of one (1) year or more
- is physically separate and identifiable from other assets
- has a dollar cost of $5,000 or more and is controllable through a physical inventory
- has a dollar cost of less than $5000 but is paid from 6XX Fund Code
- For federal Stimulus Funds, a purchase of a complete computer lab of computers or a mobile cart with laptop computers will be considered as a Capital Asset if the total cost is over $5,000.
Technology Assets are assets that the district does not currently track on the Inventory or Capital Asset Catalog List. The Technology Catalog List contain purchases under $500.00 that will be part of the District Wide Refresher Plans to equally distribute the Technology Standardization of Technology/Dependent Applications.
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