§ 33.056 CLASSIFICATION OF ASSETS.

   (A)   CAPITAL ASSETS are personal property and real property and other assets used in the operations of the government that have an expected estimated useful life beyond a single reporting period.

   (B)   Capital assets are to include any item that falls into one of the following categories:

      (1)   Land;

      (2)   Improvements to land;

      (3)   Buildings;

      (4)   Furnishings and equipment;

      (5)   Vehicles;

      (6)   Computer software;

      (7)   General infrastructure; and

      (8)   Construction in progress.

(Ord. 2020-02, passed 8-3-2020)