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F'-��•�: :.:' ._ fix` <br /> ^• - - - <br /> • ORANGE COUNTY FIXED ASSET . •-•. - • - •• <br /> -INVENTORY.SYSTEM . : <br /> DEFINITION= . . ::. <br /> taxer appara -• or tool. • . r <br /> A fixed asset ii any .piece of•,equipment, furn1 •••, • <br /> hundred dollars and an expected useful: -...;i, <br /> ith � chase value of more than one and Central .Services '�`- <br /> re than (1) yea`- •The. Director of Purchasing .y°• <br /> iy, of more inventory that do.not meet:than• . `_ <br /> Lion, items to the 4:y, at his discretion, ;••• ,': <br /> (Please refer to f -:F. ?.-' x•: <br /> request purchase a fixed'asset to the <br /> A. .'A department submitasi g -an <br /> Depart of Purchasing -and Central Services.. It is approved - <br /> purchasi-rig Central Services and by the <br /> by the Director of and . _- _ :4:.u=;.:::^•,*°' •W. ,s;s : - <br /> .... � � �y�issattce-Director-.:r•�-: .•-.-•-- .-••'.d'.entexed�into �ktse•computer. ==••:'': ;'..•:-...: ' <br /> :._B. . A,purchase order.'is-prepared-an •• . <br /> (4) asset control forms (see document 3:,2,3,&4)): <br /> . • The computer prints ( ) .. . - <br /> to the fixed asset. - • - _%.'..•.:: .. <br /> •'� assigns a number . and the following copies ••' <br /> C. The department receives a fixed asset tag; erit eofollwing 'copies <br /> of the fixed asset cards: "Permanent Depattm <br /> oral Form." • .. -: •.,•,-:.� '..;• • <br /> rent Copyr" and "Asset.xxaxesfer/Disp the ta. <br /> D. The dep�ent may receive'the fixed'asset before the tag the fi xed <br /> before the fixed.asset. .'In either case, place the tag on <br /> possible and.sign the "Acknawledgement Copy" of the' <br /> asset. co'trol fo p so doing, the department is assum5ng'respon- '. <br /> asset control form. _By so ,,:. <br /> • sfbility for.the asset_- = • .' • .• 'tv the Dapaxtsaent : <br /> B. The department returns the "Acknowledgement Copy epr enter •- <br /> • of purchasing and Central Services and places the "Permanent. <br /> the."Asset Transfer/Disposal Form" in its own'files.• <br /> III. DELIVERY AND/OR INSTAIZATION CHARGES - -- <br /> • •ce the.cost'of a fixed asset includes all•delivery and/Ord-'-. - <br /> A:` Sire purchase orders must include the delivery , <br /> charge ( frappe applicable) -rotheeccondition "F.O.B. Destination.°- ,_ :.y?- <br /> charge (j f applicable)- =or - "f 4x Y�• <br /> IV. PBCEIVING DATE . - I •.: <br /> • A. All "Asset Control Forms" will have on it the-date of the first day• '' <br /> • cif the•fispal•.year in which the fixed asset was ordered- For example; <br /> all fined assets ordered in F-.Y. 80 will bear the date 7/1/80. . <br /> • <br />