School districts are required under governmental accounting standards to keep records of fixed assets valued above a set threshold, from computers and audio/visual devices to office furniture and maintenance vehicles. Yet more often than not, schools lack the internal resources, adequate staff or time to effectively track inventory and account for fixed assets, which can result in increased financial risk and less-than-favorable audit reports. This service can help school districts track fixed assets for auditing, inventory control and insurance purposes. This important fiscal management practice in turn helps districts protect the community investment in education by reducing risk and liability.
630 – 7470
Customers Purchasing Asset 4000 via BOCES – Base Fee, $7,500 – Includes annual physical audit/scanning of one building or asset class. Fee for RAMI website licensing and hosting is additional.
Customers Utilizing Another Asset Management Platform – Base Fee, $6,000
A La Carte Services
Physical Audit/Scanning, $65/hour – For customers purchasing Asset 4000, this fee would be assessed if size and scope of auditing work is beyond what is included with base fee.
Database Management, $65/hour – Performing additions, dispositions, running reports, reconciliations, etc.
Based on actual cost.