A physical inventory of all capital assets (any item over $5,000) shall be conducted in each department on or about December 31 of every year. The Clerk-Treasurer's office shall conduct spot checks on this inventory on a random basis to assure accurate information is reported. Department heads shall be accountable for the capital asset inventory charged to their departments by verifying a list of their capital assets at year-end.
(Ord. 2005-16, passed 12-12-05)