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RESOLUTION NO., 9.5-6 <br /> A RESOLUTION establishing the value of fixed assets to be <br /> capitalized. <br /> WHEREAS , it is important to have a uniform system for control <br /> and inventory of fixed assets; and <br /> WHEREAS , the present value of fixed assets to be capitalized <br /> shall be $500 : and <br /> WHEREAS , the cost of valuable fixed assets have increased <br /> greater than the quality of the items : and <br /> WHEREAS , Ordinance No. 1024-84 states that the value of fixed <br /> assets to be capitalized shall be set and reviewed annually by <br /> Council; <br /> NOW, THEREFORE , BE IT RESOLVED that the value of fixed assets <br /> to be capitalized shall be <br /> Fixed Assets, other than $ 1, 000 <br /> Public Utility Projects <br /> Public Utility Projects 5, 000 <br /> c <br /> Oe <br /> Councilman Introducingsolution <br /> Passed and Approved this 23rd day of December 1987 <br /> gL-'&144 lye- <br /> Counci President <br /> 848/2 <br /> A. <br />