HomeMy WebLinkAbout1978-031-04/18/1978-APPROVING THE FIXED ASSET AND PROPERTY CONTROL MANUAL AND PROCEDURES PROMULGATED BY THE DIRECTOR OF RESOLUTION 78-31
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE FIXED ASSET AND PROPERTY CONTROL MANUAL
AND PROCEDURES PROMULGATED BY THE DIRECTOR OF FINANCE
WHEREAS, the audit of the City has disclosed difficul-
ties involving the recording of fixed asset transactions
in the financial records of the City, and
WHEREAS, in response to the comments made by the
City Auditors, the Finance Department has compiled a
fixed asset and property control manual and procedures
document, and
WHEREAS, this manual defines 'fixed assets' and
sets out the procedures for identifying, controlling and
recording all fixed asset transactions in the City, which
manual utilizes generally accepted accounting principles
and definitions established by the Municipal Finance
Officers' Association of the United States and Canada,
and
WHEREAS, the Director of Finance has promulgated
said manual and presented it to the City Council for
its review, and
WHEREAS, the City Council has reviewed the manual
and desires to approve the same.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF
THE CITY OF FORT COLLINS that the fixed asset and property
control manual and procedures promulgated by the Director
of Finance be and the same hereby are accepted and approved,
and
BE IT FURTHER RESOLVED that the Finance Director
is authorized to implement the procedures set forth in
said manual in identifying, controlling and recording
fixed asset transactions of the City.
Passed and adopted at a regular meeting of the City
Council held this 18th day of April, 19 8.
ATTEST: yor
f� City Clerk