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FUSD BOND PROJECTS

BOND PROJECTS AS ASSETS

  • Construction or improvements of any type increases the value of a school or department site. Therefore, costs of most projects will be recorded as assets at particular sites.

  • Projects costing $3,000 or more (or, equipment and vehicles costing more than $1,000) are recorded as expenditures and placed on an Asset inventory for the site where the construction project was done or the equipment/ vehicle was placed. (Required by Arizona State law and Flagstaff Unified School District policy).

  • Projects costing $3,000 or more are recorded on a site's inventory in categories: Land Improvements, Building Improvements and/or purchased equipment.

  • Projects costing less than $3,000 are recorded as expenditures but are not required to be on any site's inventory. However...

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  • The Project Manager, based at the Maintenance Department, will be the controller who keeps full records of all aspects of each Bond Project and the related expenses- especially costs of each project and its expenditures that fall below $3,000. Any Bond questions or concerns should be directed to the FUSD Administration and the FUSD Project Manager.

  • All Bond Projects have an individual Purchase Order which initiates the project. All payments for a particular project or purchase are invoiced and recorded on its own Purchase Order.

 


Categories of Projects

  • Land Improvements will involve projects that work to repair, upgrade or add to the property outside of the school buildings.
  • Building Improvements involve any work done to the outside or inside of the physical buildings at the different District schools and departments.
  • Equipment will be purchased to upgrade or replace outdated, unsafe or non-compliant items in classrooms- most notably in the Culinary Arts programs.
  • Vehicles. The vehicles purchased with Bond money will be 12 school buses to upgrade the District bus fleet. The buses are needed for upgrades in safety, performance, amenities such as wheelchair lifts and to replace aged buses that are more than 15 years old.

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