When retiring an asset, the Department that had custody of the asset must inform the Clerk-Treasurer of the asset retirement via email. If the asset was traded-in, this should be noted in the email along with a description of the new asset received. If the asset was sold or traded-in, the amount of the funds received should be outlined within email. The city is responsible for tracking proceeds related to the sale of assets.
(Res. 2020-4, passed 9-22-2020)