ISDC Board Endorses Valuations Northwest, Inc.
The Idaho School District has endorsed Valuations Northwest, to provide professional appraisal, inventory and bar code tagging services.
Why do school districts need an appraisal?
- Insurance Values
Insuring to true replacement value is essential to proper coverage.
*Too much insurance wastes premium dollars.
*Too little insurance risks severe penalties in the case of loss.
-Proof of Loss
When a loss occurs, it is the insured who must prepare a list of items destroyed and their value at the time of loss, having an appraisal report provides the detail needed.
-Propery Management
A detailed inventory of buildings and equipment offers invaluable assistance in budgeting, audits & accounting, security, general business management, grants and bar code tagging.
-GASB Statement No. 34
An appraisal helps in complying with GASB Statement No. 34 with fund and account code tracking, accounting depreciation amounts, original costs and assigned life expectancy as well as all fixed assets including infrastructure.
