A. Inventories of items identified as "pilferable" but cost less than $5,000 and city assets shall be conducted annually, preferably at the end of the fiscal year. Department directors are responsible to maintain a current and up-to-date inventory list at all times.
B. Items purchased that become part of the city's assets, cost over $5,000 and capitalized will be so marked on the purchase order to allow the Accounting Department to identify those items and automatically add them to the city master asset list (capitalized).
(Res. 2008-011, passed 2-19-2008)