Differences
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| policy:fixed_assets [2013/02/20 21:24] – Original Capital Policy dustin | policy:fixed_assets [2013/02/20 21:32] – Updated Fixed Assets 2-14-2013 dustin | ||
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| ===== COMMISSION POLICY ===== | ===== COMMISSION POLICY ===== | ||
| - | __**SUBJECT: | + | __**SUBJECT: |
| === Purpose === | === Purpose === | ||
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| * Plans & Studies — 5-15 years | * Plans & Studies — 5-15 years | ||
| * Reservoir Structures and Improvements — 50 years | * Reservoir Structures and Improvements — 50 years | ||
| - | * Shop Tools — l0 years | + | * Shop Tools — 10 years |
| - | * Telemetry/ | + | * Telemetry/ |
| * Treatment Plant Electrical & Mechanical- 20 years | * Treatment Plant Electrical & Mechanical- 20 years | ||
| * Treatment Plant Structures — 50 years | * Treatment Plant Structures — 50 years | ||
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| * Wastewater Cast Iron, Ductile Iron & Concrete Mains — 50 years | * Wastewater Cast Iron, Ductile Iron & Concrete Mains — 50 years | ||
| * Wastewater PVC Mains — 50 years | * Wastewater PVC Mains — 50 years | ||
| - | * Water Meters — l0 years | + | * Water Meters — 10 years |
| * Water Mains — 50 years | * Water Mains — 50 years | ||
| * Water Hydrants — 40 years | * Water Hydrants — 40 years | ||
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| === Lost, Stolen, or Missing Property === | === Lost, Stolen, or Missing Property === | ||
| When suspected or known losses of capital assets or small and attractive items occur, the department head shall be notified. The department head shall notify the General Manager and the District Treasurer, and if determined the asset has been stolen, the appropriate authorities shall be notified. | When suspected or known losses of capital assets or small and attractive items occur, the department head shall be notified. The department head shall notify the General Manager and the District Treasurer, and if determined the asset has been stolen, the appropriate authorities shall be notified. | ||
| + | ===Annual Physical Inventory Plan=== | ||
| + | The Treasurer will coordinate with the Operations Manager to complete a physical inventory of either the Water or Sewer Departments. | ||
| - | **Approved:** 6/28/12 | + | The physical inventory sheets will be kept until the State Audit for both years is complete. |
| + | |||
| + | - Assets have been physically located and verified. | ||
| + | - Missing assets will be noted and explained. | ||
| + | - Incorrect and/or incomplete information will be corrected. | ||
| + | - Any new items located but not on the list will be added, with proper serial numbers, location etc. | ||
| + | |||
| + | Approved: June 28, 2012\\ | ||
| + | ** Amended:** Feb. 14, 2013 | ||
