(a) Time for closing. The Office of Finance shall close out a capital project in the fiscal year in which the significant anticipated costs of the capital project have been incurred by the County and the facility being constructed pursuant to the capital project is either in use or capable of being used for its intended purpose.
(b) Monthly report. The Controller shall file a monthly report with the County Auditor explaining why a capital project has not been closed if the Office of Finance has not closed a capital project within six months following its original estimated completion date as determined by the Department of Public Works or when the facility is either in use or capable of being used for its intended purpose.
(1985 Code, Art. 6, § 8-103) (Bill No. 23-04)