Untitled Document

Lake Road Elementary School has submitted a request to the Board to declare surplus football helmets that are too old to be reconditioned. Furthermore, Lake Road requests permission to hold a fundraiser to sell the helmets for $10 each and for the funds raised to be deposited to the school’s football account to offset the cost of reconditioning other helmets used in the football program. Although the amount of funds expected to be raised by selling these helmets is slightly more than the amount specified in TCA §49-6-2007(d)(1), which provides, “Surplus personal property in local school systems which has no value or has a value less than two hundred fifty dollars ($250), may be disposed of without the necessity of bids as required by this section,” there is no guarantee that all of the helmets will be sold. In addition, if we advertised, the cost of the advertisement would be approximately $50, further reducing any funds raised. Therefore, pending Board approval, no bids will be solicited to dispose of this personal property.

I recommend the Board declare the above-noted football helmets as surplus and approve the disposition via the most economical method, i.e., sell the personal property at a cost of $10 each with the proceeds deposited to the school’s football account and used within the program.

Obion County Board of Education January 11, 2010	Agenda Item: VII.J.

Consider/Approve Requests Declare Property Surplus and Dispose Via Most Economical Method

Background Information: Lake Road Elementary School has submitted a request to the Board to declare surplus football helmets that are too old to be reconditioned. Furthermore, Lake Road requests permission to hold a fundraiser to sell the helmets for $10 each and for the funds raised to be deposited to the school’s football account to offset the cost of reconditioning other helmets used in the football program. Although the amount of funds expected to be raised by selling these helmets is slightly more than the amount specified in TCA §49-6-2007(d)(1), which provides, “Surplus personal property in local school systems which has no value or has a value less than two hundred fifty dollars ($250), may be disposed of without the necessity of bids as required by this section,” there is no guarantee that all of the helmets will be sold. In addition, if we advertised, the cost of the advertisement would be approximately $50, further reducing any funds raised. Therefore, pending Board approval, no bids will be solicited to dispose of this personal property. Staff Recommendation: I recommend the Board declare the above-noted football helmets as surplus and approve the disposition via the most economical method, i.e., sell the personal property at a cost of $10 each with the proceeds deposited to the school’s football account and used within the program.