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Halton District School BoardAdministrative ProcedureTopic:Disposal of Surplus / Obsolete Assets Administrative ProcedureEffective:October 2019CrossReference:Code of Ethics Policy; Code of Ethics Administrative
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01
Identify all surplus assets that need to be managed.
02
Create a detailed inventory list of the surplus assets.
03
Assess the condition and value of each surplus asset.
04
Develop a plan for either selling, donating, or disposing of the surplus assets.
05
Implement the plan by following necessary guidelines and procedures.
06
Keep track of the progress and update the inventory list accordingly.
07
Evaluate the effectiveness of the surplus asset management process and make any necessary adjustments.

Who needs surplus asset management and?

01
Businesses looking to optimize their asset utilization and streamline operations.
02
Government agencies dealing with excess or unused assets.
03
Non-profit organizations seeking to maximize resources and minimize waste.
04
Schools, hospitals, and other institutions with surplus equipment or supplies.
05
Any organization or individual looking to declutter and manage their assets more efficiently.
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Surplus asset management refers to the process of effectively managing any excess assets that an organization may have, in order to maximize value and minimize waste.
Organizations and businesses that have surplus assets are required to file surplus asset management reports.
Surplus asset management reports can be filled out by detailing the type and quantity of surplus assets, their current condition, and the proposed disposal or reallocation plans.
The purpose of surplus asset management is to efficiently handle surplus assets in a way that benefits the organization financially and operationally.
Information such as the type, quantity, condition, and disposal plans of surplus assets must be reported on surplus asset management reports.
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