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F4 Asset Disposal

Page history last edited by Bonnyville Baptist Church 5 years, 10 months ago

DATE:

March 2014

Facility, Equipment & Supplies

Reference

F4

REVIEWED/

REVISED:

 

 

ASSET DISPOSAL

 

SECTION ONE:   PURPOSE

 

With respect to minimizing losses of the church’s capital assets, the Administration Team may not allow the disposal of assets at less than market value or sell or dispose of assets of a value in excess of $5,000.   Governance Manual Article C3.4.3.1.

 

 

SECTION TWO: PRACTICE

 

1.         Except in instances where there is no residual value or the value is less than $100, the Administration Team is to be notified of the plans or desire to dispose of any equipment or supplies.

 

 

SECTOIN THREE:  PROCEDURES

 

1.         Ministry Leaders are to notify the Administrator of any plan to dispose of equipment or supplies.  The item will then be included on the next Administration Team meeting agenda and the Ministry Leader will be notified of the outcome following the meeting.

 

 

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