HomeMy Public PortalAbout2009-01 A Resolution Amending The Policy For The Inventory Of City PropertyRESOLUTION # 2009-01
A RESOLUTION AMENDING THE POLICY FOR THE
INVENTORY OF CITY PROPERTY
WHEREAS, by Resolution 2008-06 adopted May 6, 2008, the City determined that in order to
facilitate the proper insurance, maintenance and safeguarding of property and equipment, a
detailed inventory of all City personal property (the "Inventory") should be maintained;
WHEREAS, Resolution 2008-06 set forth a policy for the Inventory of City property as
recommended by Anderson, Lower, Whitlow, P.C.;
WHEREAS, the City has received advice from the accounting firm Eide Bailey that it is not
necessary for the City to record depreciation of its capital assets; and
WHEREAS, the City wishes to amend the policy for the inventory of City property to remove
the depreciation of capital assets from the inventory list.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Riverdale, Iowa,
that Resolution 2008-06 is revoked and the policy for the inventory of City property is as
follows:
1. Preparation of a listing of all City personal property by the City with a value greater than
one thousand dollars ($1,000.00); and
2. The Inventory shall be updated as authorized by the City Council.
This Resolution shall take immediate effect.
PASSED, APPROVED AND ADOPTED THIS 6th day of January, 2009.
Ayes: Nays: Abstain/Absent
Channon Halsey
Franklin
Hupp
Littrel
Grindle, ayor
ATTEST:
Mary F ces Blevins, Assistant City Clerk