I. The principal, cost center head, or designee shall notify the following individuals when any School Board property has been vandalized, stolen, or lost:

A. The proper law enforcement agency immediately providing such information as may be available if the property is believed to have been stolen; and,

B. The District property records office.

II. The custodian of the property records shall prepare a written report and recommendations to the Superintendent.

III. The Superintendent shall report to the Board any property that has been lost or stolen after the discovery of the loss or theft except major losses shall be reported to the Board immediately. Such report shall include a recommendation that the property record be made inactive.