Schoolowned

Schoolowned is an adjective or noun used to describe assets, facilities, or materials that are owned by a school or educational institution rather than individuals or private entities. In practice, school-owned assets can include real property such as campus buildings and land, equipment used in classrooms or laboratories, vehicles used for transport, and digital assets including software licenses and data systems.

Intellectual property created in the course of employment or under school programs may be designated as school-owned under applicable policies. Ownership, control, and responsibility for maintenance rest with the school or governing district, with procurement and disposition typically governed by board-approved budgets and applicable law.

Policies commonly address device ownership and usage, data security, maintenance responsibilities, and access rights. Schools increasingly distinguish between school-owned devices and personal devices under BYOD policies, with specific rules about repair, replacement, and liability for damage or loss.

From a financial perspective, school-owned assets are treated as capital or operating assets on the institution's balance sheet, depreciated over their expected lives, and subject to regular audits. Disposal must follow environmental, safety, and legal guidelines.

The concept emphasizes institutional responsibility and public accountability for resources used in teaching and learning.