Res 1992-015 - Laserfiche WebLink

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2.3 ASSETS TO BE APPRAISED 2.3.1 Assets to be appraised by the CONSULTANT shall include the following: ( 1) Land (as researched and identified at the register of deeds, and provided by the Appraisal District for current value) (2) Buildings ( 3) Other Fixed Assets (assets having a useful life of three years or more or items which have a unit cost of $300.00 or more): (a) machinery and related equipment (b) equipment (c) furniture and fixtures (d) miscellaneous items which will be incorporated into the record, based on information provided by the City include vehicles and attachments, portable communications equipment, weapons, bulletproof vests, binoculars, library books, audiovisual software, uniforms, records, diskettes, cassettes, films, framed art and computer software. 2.3.2 The following items (*except pocket size) are considered fixed assets regardless of cost: Typewriters Televisions Projectors Calculators* Cameras Weapons Radios* Videocassete Recorders Recorders * Folding Chairs Battery'Chargers Desks 2.3.3 Items purchased with grant funds and characterized as "equipment" by that grant shall be considered a fixed asset regardless of cost. 2.3.4 Rented, leased, or equipment purchased on a time-payment-plan shall be appraised, tagged and included in the inventory records as appropriate. 2.4 ASSETS NOT APPRAISED 2.4.1 Expendable supplies are not considered fixed assets and are not to be inventoried (e. g., automotive parts, plumbing and electrical supplies and small items normally used in performance of building and equipment maintenance). 2.4.2 Items that are installed on buildings and equipment which form a part of the major item are not to be separately inventoried. 2.4.3 Inventories, supplies, and personal property of CITY employees or others shall not be inventoried under this Agreement.