School Asset Management Under Florida Administrative Code 961-75

Understanding what the new FAC Regulations means for Florida School Districts

Florida Administrative Code (FAC) 691-75 impacts the way that school districts in Florida manage their assets.

As of 2020, the FAC requires schools be compliant with the new guidelines, which specify school districts must track “attractive” assets. Attractive assets are tangible devices at a heightened risk of theft, such as laptops, iPad, and Chromebooks used in learning environments. 

The FAC has established a Threshold for Recording Tangible Personal Property for Inventory Purposes, which affects the inventory requirements for both instructional materials (books) and learning devices.  

Hayes Software Systems has empowered school districts to track their assets since 1990, saving time, money, and resources. Asset management solutions can increase accountability, as well as enable mandatory tracking of vital asset details.  

As school districts in Florida manage their assets, they must comply with the Florida Administrative Code 961-75, and we are here to support them. Our software solutions are compliant with FAC 961-75, and our team is here to support Florida districts as they navigate the shifting needs in asset management.  

Consider Hayes as your resource to ensure that your schools are compliant with state recording requirements.  

Learn more about what this means for your district by contacting Hayes today.

About TIPWeb-IT 

TIPWeb-IT empowers you to work smarter by efficiently managing district and campus inventory in a single solution. Eliminate repetitive manual data entry, tedious paper processes, and information silos with cloud-based software that makes it easy to report what you own, where it’s located, and how it’s being used.   

 

About Hayes Software Systems 

By offering SaaS solutions tailor-made for the unique needs of education professionals for nearly 30 years, Hayes has helped over 8,000 schools, including 35 of the largest 100 districts in the country, implement asset management solutions. Hayes is a privately held company specializing in asset management software and services to support K-12 inventory accountability. While primarily servicing K-12 school systems, Hayes also has customers in higher education, state agencies, and government entities.   

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