(A) Capital assets have estimated useful lives extending beyond a single reporting period of one year.
(1) City.
(a) Land: non-depreciable;
(b) Improvements to land: 20 years;
(c) Buildings and building improvements: 50 years;
(d) Machinery and equipment: five years;
(e) Vehicles:
1. Autos: five years;
2. Light trucks: eight years; and
3. Heavy trucks: 15 years.
(f) General infrastructure:
1. Streets: 50 years;
2. Bridges: 75 years;
3. Sidewalks: 40 years;
4. Alleys: 50 years;
5. Streetlights: 25 years; and
6. Traffic signals: 25 years.
(g) Computer software: five years.
(2) Water utility.
(a) Land: non-depreciable;
(b) Improvements to land: 20 years;
(c) Buildings and building improvements: 50 years;
(d) Process equipment: 25 years;
(e) Machinery and equipment: five years;
(f) Tanks, pumps, and the like: 25 years;
(g) Towers: 50 years;
(h) Pump stations: 25 years; and
(i) Water distribution system: 50 years.
(3) Sanitary sewer utility.
(a) Land: non-depreciable;
(b) Improvements to land: 20 years;
(c) Buildings and building improvements: 50 years;
(d) Process equipment (includes influent headwork, filters, and sludge handling): 25 years;
(e) Machinery and equipment: five years;
(f) Lift stations: 25 years;
(g) Sanitary sewer collection: 50 years; and
(h) Storm water collection: 50 years.
(4) Marina.
(a) Land: non-depreciable;
(b) Improvements to land: 20 years;
(c) Buildings and building improvements: 50 years;
(d) Furnishings and equipment: five years;
(e) Vehicles and watercraft:
1. Autos: five years;
2. Light trucks: eight years;
3. Heavy trucks: 15 years; and
4. Watercraft: ten years.
(B) Any future changes to estimated useful lives will be applied prospectively.
(C) Any future asset life increase or extension will reflect a significant alteration, rehabilitation, or structural change.
(Ord. 21-0055, passed 8-11-2021; Ord. 22-0027, passed 5-11-2022)