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P-0600 - Fixed Asset Capitalization Policy
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P-0600 - Fixed Asset Capitalization Policy
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Last modified
1/16/2009 4:48:56 PM
Creation date
1/16/2009 4:48:55 PM
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BOCC
Date
6/5/2001
Meeting Type
Regular Meeting
Agenda Item
5h
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,r <br />place to properly account for the items which fall under the limit. In order to impact the current <br />year financial statements, the policy amendment would need to be effective Juiy 1, 2000. <br />FINANCIAL IMPACT: There is no expenditure of funds or revenue derived from this action. As <br />mentioned above, increasing the fixed asset limit will significantly reduce the time involved in <br />the financial reporting aspects of asset accounting. <br />RECOMMENDATION(S): The Manager recommends that the Board adopt the amendment to <br />the Fixed Asset Capitalization Policy increasing the asset limit to $5,000 effective July 1, 2000. <br />• <br />• <br />
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