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B - Valuation Requirement for Fixed Asset Accounts <br />MOTION WAS MADE by Commissioner Wodtke, <br />SECONDED by Commissioner Bird, to approve <br />a valuation requirement of $200 or more for <br />inclusion in the Fixed Asset Group of Accounts <br />and inventory purposes, as per the following <br />recommendation of the Finance Director: <br />Sept. 8, 1982 <br />To: Board of County Commissioners <br />From: Jeffrey K. Barton <br />Subject: Tangible Personal Property Fixed <br />Asset Group of Accounts <br />It is presently the policy of Indian River County to inventory and <br />record in the Fixed Asset Group of Accounts all tangible personal property <br />valued at $100 or more pursuant to Section 274,02, Florida Statues. <br />Senate Bill 682, passed in the 1982 Legislative session, amends Section <br />274,02, Florida 'Statues, to read $200 instead of $100. <br />The Finance Department recommends that the Board of County Commissioners <br />adopts the valuation requirement of $2.00 or more for inclusion in the Fixed <br />Asset Group of Accounts and inventory purposes and to adjust the records of <br />Indian River County accordingly. <br />Commissioner Fletcher wished an explanation, and <br />Finance Director Barton informed him that under the old <br />rules, we had to keep track of any merchandise in all <br />departments with a value of $100 or more, and these items <br />had to be tagged and inventoried every year. Senate Bill <br />682 said that was too small an amount to keep track of and <br />upped the limit to $200. <br />THE CHAIRMAN CALLED FOR THE QUESTION. <br />It was voted on and carried 4 to 1 with <br />Commissioner Fletcher voting in opposi— <br />j tion. <br />SEP15 1992 <br />L- - - <br />5 <br />s . 51 Pmt, 262 <br />