The Executive Director should ensure that written policies and procedures for fixed assets include the list of elements required by LSC's Fundamental Criteria for property records, procedures for tracking electronic devices containing sensitive…

The Executive Director should ensure that written policies and procedures for fixed assets include the list of elements required by LSC's Fundamental Criteria for property records, procedures for tracking electronic devices containing sensitive information that are not capitalized, procedures for the disposition of electronic devices containing sensitive information, procedures for the disposition of personal property or real estate purchased with LSC funds, procedures describing the depreciation methods to be used, and procedures stating what a request for prior approval should contain.