Inventory Audits

For many school districts, ghost assets remain on the books for years. These are assets that still appear in the fixed asset records even though they are no longer physically in service, no longer usable, no longer located where records say they should be, or… Read More »How School CFOs Can Clean Up Ghost Assets Without Creating Unnecessary Board Concern

The pressure is on for public school districts, especially those receiving Title 1 funding. There are demands placed on them to manage resources efficiently and demonstrate compliance with federal regulations. An essential aspect of this compliance is the accurate management of fixed assets. Title 1… Read More »Why Inventory Audits in Public School Districts Are Critical for Title 1 Grants [2024]

What do schools and businesses have in common? One clue: government institutions usually have them, too.  The answer is an audit—a fixed asset inventory audit, to be exact. It’s a top priority, a highly crucial task that prepares these organizations to keep up with their… Read More »Top Ten Tips for a Smooth School Inventory Audit [2024]

Every educational institution is responsible for managing its assets. It’s a complex operation, yes, but keeping track of school assets, from computers to gym equipment, is vital to the school’s operation. After all, these assets help the learning process. As public and private schools continue… Read More »Why Does Our School Need to Do a Physical Inventory Audit?