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rdye <br /> .Board Members <br /> September 1, 1987 '. • <br /> 204 <br /> 5. I suggest that the reserve for vehicles be included in the County Capital <br /> Reserve Fund. Transfers to this fund can be made from revenue sources <br /> other than the ;2 sales tax revenues and earmarked for vehicle acquisitions. <br /> A separate fund is not necessary. <br /> Some additional policies that the Board may want to consider are explained below. <br /> 1. Define the capital expenditures that will be considered capital projects and <br /> accounted for in capital project funds. What constitutes a major capital <br /> acquisition has not been formally defined. This has led to different criteria <br /> being used at various times to establish capital project funds. My recommendation <br /> is- that any capital expenditure costing at least $25,000 and having a useful <br /> life of at least five years be considered a capital project and accounted for <br /> in a capital project fund. <br /> 2. Determine the capital expenditures to be included in the Five Year Capital <br /> Improvement Program. It is my suggestion that all County capital expenditures <br /> with a unit cost of $10,000 or more, with the exception of vehicles, be <br /> included in the CIP. Vehicles represent a large capital outlay and should <br /> be included in the CIP even though the unit cost may be less than $10,000. <br /> School capital expenditures should be limited to those major items costing <br /> $50,000 or more. <br />