§ 33.35 PURPOSE.

   (A)   To describe the policies and procedures to be utilized in the Town of Trafalgar's capital asset management system;

   (B)   To put in place guidelines for accounting for and depreciating the Town of Trafalgar's capital assets;

   (C)   To ensure the town's capital assets are accounted for in conformity with generally accepted accounting principles; and

   (D)   To establish a consistent and cost-effective method for accounting for the town's capital assets.

(Res. 2022-002, passed 1-20-2022)