An inventory of all items by all cost centers with the above listed object codes will be conducted annually by June 30 th and discrepancies sent to Materials and Stores prior to July 31 st of each year. The Purchasing director will provide an analysis of each sites inventory by April of each year. This balance will be allocated for schools using the replacement index. FTE used in this calculation will be from the February unweighted FTE and will be provided by the FTE Administrator by April of each year.
Factor is the product of weighting and adequacy rating.
Percent factor is the proportion of the factor total. Replacement Funding is the proportion of the total available dollars each site will receive. The formula described in 2. Additional needs will be considered separately by the Capital Outlay Committee. Schools will be placed on a multi-year replacement cycle for items such as carpet, student desks, custodial equipment, lockers, band uniforms and others determined by the Capital Outlay Committee.