The following information shall be collected for each individual fixed
asset:
A. Asset class — building and structures or equipment;
B. Function and activity — department;
C. Acquisition source — general fund purchase, capital
purchase, gift, lease, etc.;
E. Name and address of vendor;
F. Short description of asset with serial number;
J. Estimated salvage value; and
K. Date, method and authorization for disposition.
Beginning January 1, 1985, all departments will maintain a record of
fixed assets under its custody. Annually, in December, each department head
will update the inventory of fixed assets and notify the Town Clerk of changes
by December 31.