5.3.
| CC Regular Session |
| Meeting Date: | 11/25/2025 |
| Primary Strategic Plan Initiative: | {ud_pd4} |
Title:
Approve Fixed Asset Policy
Purpose/Background:
The City has established a capitalization threshold of $10,000 for tangible and intangible assets as a section within the City's Purchasing Policy, but does not have a Fixed Asset Policy that clearly defines the asset types and useful life.
The attached policy is consistent with many other communities around us.
The attached policy is consistent with many other communities around us.
Recommendation:
Recommendation is to approve the fixed asset policy.
Outcome/Action:
Motion to approve the fixed asset policy.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Brian Hagen | Brian Hagen | 11/20/2025 12:34 PM |
- Form Started By:
- Diana Lund
- Started On:
- 11/12/2025 12:33 PM
- Final Approval Date:
- 11/20/2025