§ 32.15 PURPOSE.

   The purpose of establishing a capital asset policy is:

   (A)   To safeguard the public investments made by the taxpayers in Daviess County;

   (B)   To comply with the standards of the Government Accounting Standards Board;

   (C)   To clarify responsibility for the custody of the assets;

   (D)   To maintain accurate records of all fixed assets that are capitalized, including infrastructure;

   (E)   To provide data for financial reporting for increased accuracy and clarity; and

   (F)   To show stewardship and responsibility for public assets.

(Ord. 2022-1, passed 4-26-2022)