All items or improvements with a value of five thousand dollars ($5,000) or greater and a useful life of two years or more shall be capitalized and listed on the City's Fixed Assets Report. All items or improvements with a value of five hundred dollars ($500.00) or greater and a useful life of five years or more shall be maintained on the City's Insurance Inventory.
(Ord. 98-80. Passed 11-3-98; Ord. 2007-44. Passed 11-20-08; Ord. 2008-87. Passed 1-6-09.)