Chapter 5.24


5.24.010    General fixed assets.

5.24.010 General fixed assets.

The finance director shall maintain a general fixed asset group of accounts detailing all assets purchased from revenues of any source of $5,000 or greater, and all assets received as donations and gifts of $5,000 or greater. All licensed vehicles and mobile equipment of any value shall also be included in the general fixed assets. All fixed assets shall be coded to reflect the borough department which is using and responsible for the asset. The general fixed assets should be part of the annual financial statement audit. [Ord. 711 § 4, 2002.]