§ 33.099  ASSET DEFINITIONS BY MAJOR CATEGORY.
   For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning. Additionally, it is important to the maintenance of accurate records that each asset category be precisely defined and that all persons responsible for records maintenance be fully aware of the categorization system. This section further clarifies the asset definition by major category.
   BUILDINGS. All structures designed and erected to house equipment or to provide space for the provision of services or the completion of municipal functions are included. This would also include fixtures within BUILDINGS and attachments to BUILDINGS such as porches, stairs, fire escapes, canopies, areaways, lighting fixtures, and flagpoles. Plumbing systems, lighting systems, heating, cooling, ventilation and air handling systems, alarm systems, surveillance systems, passenger and freight elevators, escalators, build-in casework, walk-in coolers and freezers, fixed shelving, and other fixed equipments are included with the BUILDING, if owned. Communication antennas and/or towers are not included as BUILDINGS. These are parts of equipment units that they serve.
   EQUIPMENT.
      (1)   Includes all other types of physical property within the scope of the fixed asset management system not previously classified. The term EQUIPMENT includes, but is not limited to, the following:
         (a)   Office mechanical equipment, office furniture, appliances, furnishings, and the accessories to these items;
         (b)   Maintenance equipment;
         (c)   Communication equipment;
         (d)   Laboratory equipment;
         (e)   Weapons and other equipment used in law enforcement;
         (f)   Street cleaning and other equipment used in street maintenance and upgrading;
         (g)   The swimming pool, playground equipment, mowers, and other equipment used by Park Department;
         (h)   Sanitation equipment; and
         (I)   The term EQUIPMENT shall not include supplies.
   IMPROVEMENTS OTHER THAN BUILDINGS.
      (1)   Examples of town assets in this category are walks, parking areas and drives, fencing, and other similar items.
      (2)   Examples of town utilities assets in this category are water supply mains, collections sewers, wells, dams, fences, intake pipes, manholes, and fire hydrants.
   INFRASTRUCTURE.
      (1)   Generally includes assets that have long useful lives and are normally stationary in nature. INFRASTRUCTURE includes, but is not limited to, the following: roads; streetlights; traffic signals; drainage systems; and water systems. INFRASTRUCTURE assets do no include buildings, drives, parking lots, or any other property used in association with buildings.
      (2)   Additions and improvements to INFRASTRUCTURE, which increase the capacity or efficiency of the asset, shall be capitalized. Maintenance and repairs are necessary to maintain the existing asset and, therefore, are not capitalized. For example, patching, resurfacing, snow removal, and the like are considered maintenance activities and will be expensed. Also, normal department operating activities such as feasibility studies, and preliminary engineering and design reviews will be expensed and not capitalized as an element of the INFRASTRUCTURE asset.
      (3)   Alleys will not be included as part of the INFRASTRUCTURE. The land under alleys will be added to total land.
   LAND. Specified land, lots, parcels, or acreage, including rights-of-way, owned by the town and its various departments, boards, or authorities, regardless of the method or date of acquisition. Easements will not be included as the town does not own them, but as an interest in LAND owned by another that entitles its holder to a specified limited use.
(Ord. 2016-13, passed 9-29-2016)