What are records considered to have significant administrative, legal, or fiscal value?

Records that possess significant administrative, legal, or fiscal value encompass various categories, including permanent, active, and semi-current records. Permanent records are essential for long-term retention due to their enduring value for administrative, legal, and historical purposes. Active records are actively used in day-to-day operations and have immediate significance for current decision-making processes. Semi-current records, while not actively used on a daily basis, still hold importance and can be vital for legal compliance or fiscal accountability over time.

Each category of records can contain information that is necessary for governance, accountability, and managing operations effectively. It is crucial to maintain and appropriately manage records from all categories to ensure that an organization can respond to legal inquiries, support audits, and uphold transparency. This holistic approach to record management facilitates the preservation of essential information that can impact the organization on multiple levels.