HomeMy WebLinkAboutC.054.93010_0447Retention of Records for Non -depreciable Assets
A control ledger of all assigned fixed asset numbers, a
description of the asset, purchase date, and cost will be
maintained in Finance. Each department will receive a copy of
their latest inventory each year soon after July 1 that will be up
to date as of the year ending June 30. Upon distribution of the
inventory list, the department head is responsible for conducting
an audit of items assigned to their department. Errors in the
list should be reported in writing to the Finance Department by
August 31. De artment heads will also be responsible for the
maintenance and retention of internal ^records-Yrused Allitems
will be subject to random audits DY vil�
Non -depreciable Asset Threshold
Equipent or t of
o or more
lastsm
mmore than tone year is s consideredcasnon-deprec�iand
able asset.
Examples of expenditures to be included in a fixed asset value:
.Original contract or invoice price
.Freight charges
.Handling and storage charges
.Installation charges
.Parts and labor associated with the end product result
Examples of expenditures not to be included in a fixed asset
value:
Adding, removing and/or altering components relating to the asset that are not
considered major projects and do not increase the value of the asset
Any maintenance -related expenditure which does not increase the value of the asset
Payment of taxes on the asset at the date of purchase
5. REQUEST FOR APPROVAL OF THE MAY 15, 2001 & MAY 22, 2001 (BUDGET
SESSION) MINUTES
ANNOUNCEMENT OF VACANCIES CURRING ON BOARDS &
COMMISSIONS
ADULT CARE HOME COMMUNITY ADVISORY COMMITTEE
(1 announcement)
NURSING HOME ADVISORY COMMITTEE (I announcement)
APPOINTMENTS TO BOARDS & COMMISSIONS
IRFDF,LL COUNTY PLANNING BOARD (4 appts.): Commissioner Ray Vnov to
postpone the four planning board appointments until the next meeting.
t
VOTING: Ayes - 5; Nays - 0.
CAROLINAS PARTNERSHIP 0 appt.): Chairman Tice cve to postpone this
tappointment until the next meeting.
VOTING: Ayes - 5; Nays - 0
FIRE TAX DISTRICT BOARD (2 appts.): Commissioner Williams nominated
Carroll Goodman and Don Parker for reappointments.
Chairman Tice P-0-vo to appoint Goodman and Parker by acclamation.
VOTING: Ayes - 5; Nays - 0.
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