Acquisition, Improvement and Replacement of Fixed Assets

7000 **DRAFT**

Acquisition of land or existing buildings, improvements of grounds, construction of buildings, additions to buildings, remodeling of buildings, or acquisition of initial or additional non instructional equipment exceeding the $5,000 unit cost and $100,000 extraordinary maintenance cost as defined in 603 CMR 10.00. Costs corresponding to revenue received as a lump sum or progress payment revenue receipt from MSBA whether or not outstanding BANs exist. Costs directly related to a school construction project supported through local appropriation.


{No Accounts under the control or jurisdiction of the School Committee. Reported as a Town Expense on DESE End of Year Report}