§ 30.05 CAPITALIZATION POLICY.

   (A)   Assets over $5,000 shall be capitalized.

   (B)   Assets with serial numbers shall be capitalized for dollar amounts of $1,000 or greater.

   (C)   Depreciation shall begin in the month and year purchased.

   (D)   Fixed assets will be depreciated using the straight line method.

   (E)   Fixed assets under the $5,000 and the $1,000 threshold amounts designated above shall be deleted from the current fixed assets listing.

   (F)   All electric and water meters and all hydrants shall be capitalized regardless of cost.

   (G)   The following estimated useful lives may be used for a guide for calculating depreciation expenses:

Description	Estimated Life (Years)
Water Utilities
Springs and wells	100
Infiltration galleries and tunnels	100
Collecting conduits and reservoirs	75
Mains, cast iron:
4 in. or less	50
6 in.	65
8 to 10 in.	75
12 in. or over	100
Settling basins	50
Coagulating basins	50
Filters	50
Internal combustion engines (diesel type)	25
Pumps	50
Stand pipes	50
Meters	30
Hydrants	50
Electron equipment	10
General office equipment	19
General shop equipment	20
General store equipment	20
Laboratory equipment	16
General office furniture	19
Electric Utilities
Transmission plant:
Structures and improvements	45
Station equipment	28
Towers and fixtures	50
Poles and fixtures	33
Overhead conductors and devices	50
Underground conduit	75
Underground conductors and devices	40
Roads and trails	60
Distribution plant:
Structures and improvements	45
Station equipment	28
Storage battery equipment	20
Poles, towers and fixtures	35
Overhead conductors and devices-wire-conduit pipe	40
Line transformers	28
Services	28
Meters	28
Installations on customers’ premises	25
Street lighting and signal systems	22
General plant:
Structures and improvements	67
Office furniture and equipment	19
Transportation equipment	10
Electron equipment	10
Stores equipment	25
Shop equipment	25
Laboratory equipment	25
Tools and work equipment	20
Communication equipment	25
Miscellaneous equipment	25
General office furniture	19
Sewage Utilities
Structures and improvements:
Sewers	100
Lateral sewers	100
Pumping station	50
Preliminary treatment	50
Primary treatment	50
Secondary treatment	50
Sludge disposition	8
General treatment	100
General office (share)	50
General stores and garage	50
Equipment:
Collection system	10
Pumping station	20
Preliminary treatment	20
Secondary treatment	20
Sludge disposition	20
Electric equipment	10
General treatment	10
General office (share)	10
General shop and garage	10
General office furniture	19

 

(Res. 99-09-14-01, passed 9-14-1999; Am. Ord. 1302, passed 12-29-2014)