Software purchased with Capital Computer Software Funds (object code 4691) has been recorded in the District’s property records. Effective 7/1/08, a change was made by the States Chief Financial Office, which establishes the rules, stating that data processing software is not considered to be tangible personal property.

F.S. 69I-73.001 Definitions (5) "Data Processing Software" has the meaning set forth in Section 119.011(6), F.S. Data Processing software is not considered to be property within the meaning of these rules. 

F.S. 119 (6) "Data processing software" means the programs and routines used to employ and control the capabilities of data processing hardware, including, but not limited to, operating systems, compilers, assemblers, utilities, library routines, maintenance routines, applications, and computer networking programs.

The District will continue to record and inventory software with an acquisition cost over $50,000.00. All software that is fully depreciated will be purged from the accounting records. All existing software, acquired prior to June 30, 2008, with an acquisition cost less than the new threshold amount, will continue to remain on the financial accounting records until fully depreciated. These items will eventually be purged from the system as they become fully depreciated during the next few years. These items will not be inventoried.