A. Devices Defined: For the purposes of this article, noninventoried personal computing devices are defined as cell phones, smart phones, personal digital assistants, tablet devices and notebook computers with an original cost below the fixed asset threshold.
B. Value: The City must receive fair market value for any devices sold under this article. The City shall use a straight line depreciation method as described by Generally Accepted Accounting Principles (GAAP) and accepted by the U.S. Internal Revenue Service (IRS) to determine the value of the device. The amount for which the device will be sold will be calculated as defined in the associated procedure.
C. Time Limit To Request: Persons separating from City employment may request to purchase noninventoried personal computing devices assigned to them. The request must be made within four (4) weeks of their separation date.
D. Approval Of Department Director: In all cases, the Department Director's approval must be obtained before the device will be sold. (2019 Compilation)