The city shall create and thereafter maintain a complete inventory of fixed assets having a value and/or acquired at a price in excess of $5,000, all:
(A) In accordance with policies and procedures established and/or recommended from time to time by the Indiana State Board of Accounts and initially in accordance with the recitals on Page 21 of the September, 1995 bulletin of that State Board; and
(B) Pending further action of the Council.
(Ord. G-00-1112, passed 9-5-00; Am. Ord. G-03-1142, passed 11-17-03)