Capitalization Policy requires that tangible, nonexpendable, personal property that has a useful life RIDE’s of more than one year and an acquisition cost of $5,000 or more must be tagged for tracking and inventory purposes. Further, computer equipment (defined as devises or equipment that can receive, store and transmit data) with a useful life of more than one year and an acquisition cost of $500 or more must be tagged for tracking and inventory purposes. 54000 = Purchased Property Services This budget section includes Cleaning, Repairs, Utilities, – Rentals, and Telephone and Wireless Communications. = Other Purchased Services Included in this section are budget items for Transportation, 55000 – Insurance, Advertising, Printing, Tuition, Travel &Hotel expenses related to attendance at trainings, School Committee Training costs, and holding accounts for Interagency Services such as services purchased from another school district or educational services agency (collaborative). 56000 = Supplies and Materials Items budgeted in this section include General Supplies, Energy, – Maintenance Supplies, Books and Periodicals, and Technology related Supplies. Please see guidance below concerning software and equipment. 57000 = Property and Equipment This section includes budgeted expenditures for Buildings, – Vehicles, Furniture, Technology Hardware and Software, and Other Equipment. Please see – guidance below concerning software and equipment. 58000 = Miscellaneous This series is used to budget for Dues & Fees. – 60000 = Indirect Cost Indirect Cost Recovery within approved rate. – Last Minute Tips for Budget Detail Pages In general: All requests must be reasonable and necessary.
RIDE’s Capitalization Policy requires that tangible, nonexpendable, personal property that has a useful life of more than one year and an acquisition cost of $5,000 or more must be tagged for tracking and inventory purposes. Further, computer equipment (defined as devises or equipment that can receive, store and transmit data) with a useful life of more than one year and an acquisition cost of $500 or more must be tagged for tracking and inventory purposes. 54000 = Purchased Property Services – This budget section includes Cleaning, Repairs, Utilities, Rentals, and Telephone and Wireless Communications. 55000 = Other Purchased Services – Included in this section are budget items for Transportation, Insurance, Advertising, Printing, Tuition, Travel &Hotel expenses related to attendance at trainings, School Committee Training costs, and holding accounts for Interagency Services such as services purchased from another school district or educational services agency (collaborative). 56000 = Supplies and Materials – Items budgeted in this section include General Supplies, Energy, Maintenance Supplies, Books and Periodicals, and Technology related Supplies. Please see guidance below concerning software and equipment. 57000 = Property and Equipment – This section includes budgeted expenditures for Buildings, Vehicles, Furniture, Technology – Hardware and Software, and Other Equipment. Please see guidance below concerning software and equipment. 58000 = Miscellaneous – This series is used to budget for Dues & Fees. 60000 = Indirect Cost – Indirect Cost Recovery within approved rate. Last Minute Tips for Budget Detail Pages In general: All requests must be reasonable and necessary.
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