§ 3.08.020. General fixed assets.

Latest version.

The finance director, working with the city manager and the city's designated public accountant, shall establish and maintain a general fixed asset group of accounts using generally accepted accounting procedures for municipal governments. These accounts shall detail all assets purchased from revenues of any source over five thousand dollars. The general fixed assets should be part of the annual financial statement audit.

(Ord. 04-9 § 2, 2004).

                    
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