Knowledge Base: NLLS Policies

SALE OF CAPITAL ITEMS

1. Capital asset sales up to $10,000 value are at the discretion of the Executive Director. If/when the Executive Director approves the disposal of an item, the following procedure will be followed:

1. The Executive Director will place a value on each item after consulting the declaring department and, when necessary, outside experts.
2. If the Executive Director decides that an item has no value, it will be disposed of in an ecologically safe manner.
3. If an item is being replaced, a trade-in will be considered when negotiating the replacement price.
4. Items of a value greater than $1,000 will first be made available to system staff and member libraries by advertisement on system email lists.
5. All sale invoices, or bills of sale, will indicate that items are sold as is.
6. Applicable sales taxes will be applied to the sale price whenever necessary.