School accountability and donations
Under the Finance Manual — Financial Management for Schools Policy and Guidelines, schools need to record all items with a value of $5,000 or more in the CASES21 Finance Asset Register. For articles which have reached the end of their useful life, this amount rarely applies to retired furniture and equipment that might find a renewed use in other school-based scenarios.
Assets that are no longer required, obsolete or retired are released from the asset register. Schools should refer to Section 13 of the Finance Manual for Victorian Government Schools to ensure that they comply with any transfer or disposal requirements.
While costs are inevitably incurred in the clearance of unwanted furniture and equipment, this expense can be directed to good recycling opportunities. Schools may be able to register the cost of such disposals as a charitable donation.
Reviewed 23 June 2021