Legislation Details

File #: 24-2021    Version: 1 Name:
Type: Report Status: Passed
File created: 9/24/2024 In control: Mayor and Board of Aldermen
On agenda: 10/1/2024 Final action: 10/1/2024
Title: Order to adopt a resolution finding that in accordance with recommendations of the State Auditor’s Office, the capitalization threshold of all capital assets for financial statement reporting will be those set forth in the Municipal Audit and Accounting Guide The City will continue to capitalize capital assets in its fixed asset system in accordance with requirements set forth by the State Property Office of the State Auditor’s Office.

Order to adopt a resolution finding that in accordance with recommendations of the State Auditor’s Office, the capitalization threshold of all capital assets for financial statement reporting will be those set forth in the Municipal Audit and Accounting Guide   The City will continue to capitalize capital assets in its fixed asset system in accordance with requirements set forth by the State Property Office of the State Auditor’s Office.