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The Board of Education has a responsibility to the public to protect, maintain and secure the assets of the District. The Superintendent is directed to establish practices that protect and maintain the assets of the system.
Those practices shall include:
1. Obtaining insurance coverage in appropriate amounts against theft and casualty losses to 100% of replacement value less reasonable deductibles.
2. Obtaining reasonable insurance coverage to protect the assets of the district;
3. Restricting access to funds by employees unless they are covered by blanket bonds;
4. Taking reasonable steps to ensure that the facilities and equipment are not subject to improper wear and tear or insufficient maintenance;
5. Acting at all times in a reasonable manner so as to refrain from knowingly or recklessly exposing the district, its Board or staff to legal liability;
6. Protecting intellectual property, information and files from loss or significant damage;
7. Preserving and disposing of all records related to affairs or business of the district in accordance with state and federal law;
8. Investing funds in securities only as authorized by law;
9. Acquiring, encumbering or disposing of real property only as permitted by law;
10. Conducting the business of the District in a manner that does not Knowingly or recklessly endanger the district's public image or credibility, thereby jeopardizing its ability to accomplish its mission;
11. Conducting a cost-benefit analysis before accepting contributions and donations by outside individuals and organizations, and
12. Obtaining Board approval prior to instituting changes in any schedules of fees charged by the school system.
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