Community Feedback

The Newton County School System values parent and community input on the operations of the school district. We are here to serve you and appreciate your continued support. We currently request community input on the following:

 

Revisions to Board Policy DIB: CAPITALIZATION OF FIXED ASSETS

The Governmental Accounting Standards Board (GASB) Statement No. 51 requires governments to account for intangible assets along with fixed assets. We are currently accounting for those assets that are fixed. Intangible assets may include timber rights, water rights, patents, trademarks, and internally developed software. At this time NCSS does not have any intangible assets, but as required in the Governmental Accounting Standards the superintendent is asking the Board to approve language that would take into account such assets.

Click on the link below to read the proposed changes to the policy. The Board will vote on the proposed revisions to the policy during the July 19, 2011 Combined Meeting.

Proposed Revisions to Policy DIB

Email Comments/Feedback to Sherri Davis-Viniard.