A FIXED ASSET shall be any asset of land, building, personal property, or equipment which has the useful life, and a value, of $2,500 or more. An asset with a lesser value shall not be considered a FIXED ASSET for the purpose of including the asset in the listing of fixed assets owned by the municipality. A FIXED ASSET list shall be maintained by the city, as set forth in A.C. § 14-59-107 as the provisions of this section.
(Ord. 2019-09, passed 5-28-2019)