[SchoolFinance] supplies vs. equipment?

[Pete Orne]

Personally, I'd call it equipment.  But whether I'd code it to 57xxx or
56110/56050 would be dependent on your capitalization threshold, keeping in
mind this is federal (ARP, I believe) money and the requirements that come
with that.  For us, we use the federal $5,000 threshold for capital
purchases, so I'd code it to 56110:

6110 – *Equipment and Furniture, Instructional, Non-Capitalized. *Expenditures
for equipment and furniture that are purchased for student instruction
purchases and that do not meet the school unit's capitalization threshold.


Pete

Pete Orne, SFO

Business Manager

Camden Rockport/Five Town CSD

22 Knowlton St.

Camden, ME 04843






*pete.orne at fivetowns,net <pete.orne at fivetowns,net>*


* <pete.orne at fivetowns,net>*


* <pete.orne at fivetowns,net>*


On Tue, Mar 19, 2024 at 11:58 AM Joanne Allen <jlallen9449 at gmail.com> wrote:

> There is a chart on the MDOE website to assist with distinguishing
> supplies vs equipment:
>
>
> https://www.maine.gov/doe/sites/maine.gov.doe/files/2020-01/supplychart%5B1%5D.pdf
>
> *Joanne*
>
>
> On Wed, Mar 13, 2024 at 10:01 AM Dawn Blanchard <
> dblanchard at brunswicksd.org> wrote:
>
>> We are looking to purchase a drone through our ELO grant.  The cost is
>> $1400 on Amazon.  Would this be considered supplies or equipment?
>>
>>
>> *~Thanks,*
>>
>> Dawn Blanchard
>> Director of Human Resources
>> she/her/hers
>> (207)-319-1950
>> dblanchard at brunswicksd.org
>> www.brunswicksd.org
>>
>> [image: facebook]
>> <https://www.facebook.com/Brunswick-School-Department-896342617067005/>
>>
>>
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