HomeMy WebLinkAboutC.054.93010_0439IREDELL COUNTY BOARD OF COMMISSIONERS
BRIEFING MINUTES
JUNE 5, 2001
The Iredell County Board of Commissioners met for an agenda briefing on Tuesday,
June 5, 2001, 5:00 P.M., in the South Wing Conference Room ofthe Iredell County Government
Center, 200 South Center Street, Statesville, NC.
Present: Chairman Sara Haire Tice
Vice Chairman Steve D. Johnson
Tommy E. Bowles
Karen B. Ray
R. Godfrey Williams
Staff Present: County Manager Joel Mashburn, Finance Director Susan Blumenstein,
Planning Supervisor Ron Smith, and Clerk to the Board Jean Moore.
Planning Supervisor Ron Smith briefly explained a request for the approval of a surety
bond, and Finance Director Blumenstein explained two budget amendments.
REQUEST FOR THE CONSIDERATION AND/OR ADOPTION OF A CAPITAL.
ASSETS POLICY: Blumenstein said that in the past, the county had deemed equipment with a
cost of $500 or more, and lasting longer than a year, as being a fixed asset. She said some changes
were being recommended due to new auditing requirements. Blumenstein said a policy had been
drafted to give the finance office more control over the assets. She said that in doing so, more
bookkeeping duties would be necessary. Mrs. Blumenstein said the county already maintained an
inventory listing of the assets, but they were not depreciated. In addition, she said that in the
future, a statement of assets printout would be issued instead of balance sheets. Mrs. Blumenstein
said the Government Accounting Standards Board set the criteria for all governments to follow and
that a fixed asset policy would aid her office in defining what items should be depreciated and
what could be "written off."
(The complete policy may be found in the regular minutes.)
ADJOURNMENT: Chairman Tice adjourned the briefing session at 5:35 p.m.
Approved:
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