All assets are not capital assets. The city has two other asset classifications not included in capital assets:
(A) Departmental non-capital assets. These are items in use (equipment, furniture, fire hydrants and the like) that individually do not meet the capital asset criteria. At the discretion of the city’s Clerk-Treasurer, if an asset inventory purchase total does not meet or exceed the capital asset threshold, the purchase may be reviewed as necessary for potential depreciation as a capital asset; and
(B) Financial inventory. Only single items valued at more than $5,000 will be inventoried. We do not schedule bulk items for inventory.
(Ord. 22-44, passed 10-24-2022)