§ 32.36 CATEGORIES.

   (A)   In accordance with General Accounting Standards Board Statement #34 (GASB 34), a fixed asset inventory will be maintained and updated annually, including, but not limited to, the following items/functional categories:

      (1)   Road surfaces;

      (2)   Road rights-of-way;

      (3)   Public drainage (storm water) systems;

      (4)   Public parking lots and land;

      (5)   Drinking water systems;

      (6)   Wastewater systems;

      (7)   Sidewalks;

      (8)   Public buildings;

      (9)   Public properties;

      (10)   Buildings; and

      (11)   Equipment (to include vehicles).

   (B)   In accordance with state law, all bridges belong to the county or the state, depending on the highway classification. The town does not own any bridges in town.

(2005 Code, § 32.31)  (Ord. G-04-47, passed 12-16-2004)