d. Lightweight safes should be set in concrete or in a wall
 to prevent removal and to increase protection.

 e. In the event the student body incurs a loss in cash or
 open stock or a combination of both, this should be com-
 municated to the county superintendent and to the po-
 lice immediately. Insurance coverages such as fidelity
 bonds and burglary and vandalism policies should be
 provided in order to protect these funds.

 Protection of Equipment in the School.-In the event the
school incurs a loss of equipment, this should be communicated
to the county superintendent and the police immediately. Insur-
ance coverage should be provided'in order to protect the equip-
ment purchased from School Activity Funds and the gifts from
other sources. If these items are not covered by county board
insurance policies, it should be permissive for the school to pur-
chase insurance from the School Activity Funds to cover same.

 Property

 It is just as essential to control the property purchased from
School Activity Funds and property donated to school groups or
organizations as it is to control the money. Adequate control
involves:

 1. Maintaining a complete record of the property owned

 2. Designating a custodian who is to be accountable for spe-
 cific items

 3. Marking each piece of movable equipment

 4. Conducting periodic inventories

 5. Checking the inventory against the property record

 6. Enforcing accountability of custodian

 It is impossible to present in this section an exhaustive an-
alysis of the methods to be used in setting up an adequate prop-
erty control system. Within the framework of the requirements
outlined above, each board should develop a system of control
that will fulfill the requirements of Section 274.01-.10, Florida
Statutes.