7455 Accounting of Fixed Assets

The Director of Business Services shall be responsible for the development and maintenance of the fixed-asset accounting system. The Director of Business Services shall develop procedures to ensure compliance with this system and applicable regulations.

All fixed asset purchases in excess of $6,000 for items that have a useful life of more than one year will be capitalized. Items below this amount may be capitalized in accordance with existing procedures and accepted practices.

Adopted 08/04/2016