In order to be consistent with Federal reporting guidelines, the threshold for coding purchases to equipment (object 730) or computer equipment (731) is increasing to $5,000. Effective immediately, all purchases where a single item is less than $5,000 should be coded to 610 (supplies) or new object code 650 (technology supplies). This change does not alter the purchasing threshold of required quotes for a single item >$1,000 or a group of items >$2,000 nor does it impact the items requiring asset tags.
The 2016-17 year will be a transition year. Please do not change purchase orders already in Skyward or submit journal entries for past purchases. Current budgets have not been modified. Please code the purchases to the correct account, regardless of budget. Schools will be able to transfer budget between equipment and supplies in December and June. District departments and grant programs may make budget revisions in January to reflect current requirements.
Please contact Heather Ellingson (ext. 88388) with any questions.