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Policy 008

PLATTEKILL PUBLIC LIBRARY

Disposition of Surplus Property Policy

Adopted: April 10, 2014 Page 1 of 1

The Plattekill Public Library Board of Trustees has the authority to declare Library property surplus and provide for its disposal.

 

Definition:

Surplus property is any item owned by the Library that is no longer needed for the provision of library services.

 

Declaring Property Surplus:

Only property having a monetary value need be declared surplus. Property that is obsolete or broken and has no useful value may be disposed of without notice.

The Director is authorized to declare as surplus, library materials whose unit value is estimated to be less than $1,000.

The Board of Trustees is authorized to declare as surplus, library materials with an estimated unit value of $1,000 or more.

 

Disposal and sale of surplus property:

Surplus library materials whose estimated unit value is less than $1,000 shall be sold by the method that will most efficiently and effectively provide the Library with the greatest net monetary return. The Director will report results to the Board.

Surplus library materials valued at $1,000 or more shall be disposed of at a public auction; if no reasonable bids are received, they may be sold by the method that will most effectively and efficiently provide the Library with the greatest net monetary return.

 

Exceptions:  Property of any value may be donated to a tax supported Library or Library System.