Asset and Risk Management
This chapter reviews the asset and risk management function of Venus Independent School District (VISD) in the following sections:
Asset management involves managing the district’s cash resources and physical assets in a cost-effective and efficient manner. This includes providing a system of controls for the collection, disbursement and use of cash as well as accounting for assets and safeguarding them against theft and obsolescence. Risk management includes the identification, analysis and reduction of risk to the district’s assets and employees through insurance and safety programs. Asset management for a growing district involves proper oversight of capital improvement spending, including multi-year financial and budget planning.