A physical inventory of all capital assets (any item over $5,000) will be conducted not less than once every two years in each department on or about December 31. The Town Clerk-Treasurer's office will conduct spot checks on a random basis. Department heads will be accountable for the capital asset inventory charged to their departments by verifying a list of their capital assets.
(Ord. 4-2015, passed 5-18-2015)