The Town Comptroller and the Comptroller's office staff shall be
designated as fixed asset property control manager and be responsible for
the control and maintenance of the fixed asset records.
The Comptroller's office shall develop the fixed asset policies
and procedures utilizing the audit and control guidelines with these policies
incorporated.
Each department manager, including elected officials, shall be designated
individual department property control managers responsible for the fixed
assets in their department and shall report to the property control manager.
They shall be designated Department Fixed Asset Custodians responsible for
fixed assets under their custody.
The minimum value of a fixed asset shall be $200, to be included in
fixed assets for accounting purposes.
The Town Board may set and revise the general rules and regulations
and overall requirements of the accounting for fixed assets developed by the
Town Comptroller's office.