Capital asset policy update missing useful lives
Fenton CHSD 100Illinois- Detected
- Sep 29, 2026
- 28 days ago
- Sector
- Administration & Finance
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From the meeting
The audit letter said the District still needs to update its capital asset policy to document useful lives for each asset category. This was a repeat recommendation and management said it would work to correct it in the coming year. The issue is not a purchase yet, but it can drive future asset-management or accounting policy support needs.
- Meeting date
- September 29, 2026
- Agency
- Fenton CHSD 100
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