Laserfiche WebLink
CC Regular Session <br />Meeting Date: <br />Primary Strategic Plan Initiative: <br />Title: <br />Approve Fixed Asset Policy <br />5. 3. <br />11/25/2025 <br />Identify and implement operational efficiencies, cost savings and additional <br />funding sources. <br />Purpose/Background: <br />The City has established a capitalization threshold of $10,000 for tangible and intangible assets as a section <br />within the City's Purchasing Policy, but does not have a Fixed Asset Policy that clearly defines the asset types <br />and useful life. <br />The attached policy is consistent with many other communities around us. <br />Recommendation: <br />Recommendation is to approve the fixed asset policy. <br />Outcome/Action: <br />Motion to approve the fixed asset policy. <br />Fixed Asset Policy <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 11/20/2025 12:34 PM <br />Form Started By: Diana Lund Started On: 1 1/12/2025 12:33 PM <br />Final Approval Date: 11/20/2025 <br />