902.05 – Disposal of Obsolete Equipment
School property, such as equipment, furnishings, or supplies (hereinafter equipment), will be disposed of when it is determined to be of no further use to the school district. It is the objective of the school district in disposing of the equipment to achieve the best available price or most economical disposal.
Obsolete equipment having a value of less than five thousand dollars ($5,000) will be sold or disposed of in a manner determined by the Board. It is recommended that whenever any furnishings, equipment, and/or supplies valued at less than five thousand dollars ($5,000) have been declared obsolete by the Board of Directors, the Superintendent of Schools or his/her designated agent shall be authorized to dispose of such furnishings, equipment, and/or supplies at the best price possible. The funds derived therefrom shall be forwarded to the Secretary of the Board. The Secretary of the Board shall credit such receipts to the proper fund as stated in Code of Iowa, Chapter 297.15, 279.22 through 297.25.
However, the sale of equipment, furnishings, or supplies disposed of in this manner will be published in a newspaper of general circulation. The publication of the sale or disposition will be published with at least one insertion each week for two consecutive weeks. Any other disposition may be done in any other manner so with the only insertion in the same newspaper.
A public hearing will be held regarding the disposal of the equipment with a value of five thousand dollars ($5,000) or more prior to the Board’s final decision. The Board will adopt a resolution announcing the proposed sale and will publish notice of the time and place of the public hearing and the description of the property will be in the resolution. Notice of the public hearing will be published at least once, but not less than 10 days and not more than 20 days, prior to the hearing date. Upon completion of the public hearing, the Board may dispose of the equipment.
It is the responsibility of the superintendent to make a recommendation to the Board regarding the method for disposing of equipment of no further use to the school district.
Note: The language in the second and third paragraphs reflects Iowa Law regarding the sale of personal property. The Board should add their procedure for disposition of personal property valued at less than five thousand dollars ($5,000) in the second paragraph.
Date of Adoption: July 1, 1985
Legal Reference: Iowa Code 297.22-25 (2013)
Revised & Reviewed: September 3, 1991; June 5, 2005; February 1, 2010; February 20, 2017