The Town Board of the Town of Olive establishes a General Fixed Assets Program, as determined by the Office of Audit and Control and set forth in Subsection 3.1060 of the Office of the State Comptroller Financial Management Guide.
[HISTORY: Adopted by the Town Board of the Town of Olive 5-24-1990. Amendments noted where applicable.]
The minimum dollar valuation of a fixed asset for inclusion in the inventory is set at a minimum of $100.
The Office of the Supervisor is designated as Property Manager, responsible for the development and maintenance of fixed asset records.