§ 35.002 CLASSIFICATION OF ASSETS.

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

   (A)   Land;

   (B)   Improvements to land;

   (C)   Buildings;

   (D)   Furnishings and equipment;

   (E)   Vehicles;

   (F)   Computer software;

   (G)   General infrastructure;

   (H)   Water and sewer utility infrastructure; and

   (I)   Construction in progress.

(Ord. 2020-19, passed 11-10-2020)