HomeMy WebLinkAbout20011146.tiff RESOLUTION
RE: ESTABLISH MINIMUM VALUE OF FIXED ASSETS TO BE INVENTORIED IN WELD
COUNTY
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, Senate Bill 98-032 (Section 29-1-504, C.R.S., as amended) effective ninety
days after the adjournment of the General Assembly on May 6, 1998, provides that the Board of
Weld County Commissioners may establish a minimum value not to exceed $5,000 for property
with a useful life of at least three years to be inventoried by Weld County, and
WHEREAS, the Comptroller and Director of Finance and Administration recommend the
minimum value for said property, hereafter referred to as "Fixed Assets," be increased from
$1,000 per item to $5,000 per item, unless such property is real property owned by Weld
County, other than rights-of-way, roads, or bridges.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that the minimum value for Fixed Assets be, and hereby is, increased
from $1,000 to $5,000 effective May 1, 2001; and that said Fixed Assets, with a useful life of at
least three years, be inventoried.
BE IT FURTHER RESOLVED that said change in minimum value for Fixed Assets does
not change the current policy that all real property, other than rights-of way, roads, or bridges,
be considered capital items to be inventoried regardless of value.
BE IT FURTHER RESOLVED that the Comptroller be, and hereby is, directed to
remove all items of property on the Fixed Assets Inventory List as of May 1, 2001, which are
valued at less than $5,000, except items of real property.
2001-1146
AC0016
RE: ESTABLISH MINIMUM VALUE FOR FIXED ASSETS
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 30th day of April, A.D., 2001.
BOARD OF COUNTY COMMISSIONERS
,-�` WELD COU TY, COLORADO
ATTEST: Jan, / ;�,j•j IELe% �/ �
/here:- M. J. Geile, hair
Weld County Clerk to the `q,. •( Q`%=tt 'N 1
7*1 --2-
Sian .rirc--A .' ����,r, �Rs •rc� `Glenn Vaad, Pr6T'm•Deputy Clerk to the Boa'► '1�ot I Vyktjt
Willia . Jerke
AP_PROV ASS_ R . cdF ,NE
David E. Long
ounty Attorne & Akt
5— I
Robert D. Masden
2001-1146
AC0016
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