[R.O. 2016 § 120.180; R.O. 2011 § 120.100; Ord. No. 93 § 1, 10-2-2002; Ord. No. 177 § 1, 2-16-2005]
A.
Objective. The objective of this policy is to establish guidelines
for the acquisition, accounting and disposal for and of capital assets
of the City.
B.
Definition Of Responsibilities. It is the responsibility of the City
Board of Aldermen to appoint such City staff as the Board deems necessary
to accomplish the objectives of this policy. The Board is also responsible
for the periodic reviews necessary to insure that the policies detailed
are complied with in full. It is the responsibility of the City Clerk
to devise such systems and procedures necessary to insure that the
policies are implemented and to conduct periodic inventories of the
assets of the City and report to the Board of Aldermen the findings
of those inventories and to explain any discrepancies discovered.
C.
Recognizing that governmental standards for accounting and reporting
of capital assets and treatment are changed and modified from time
to time by proper authority, the Board of Aldermen, duly advised by
the City Clerk, may by resolution adopt current policy statements
and guidance pursuant to this Section.
