2.08.010 Inventory to be kept.
All city departments shall conduct a physical inventory of fixed assets annually. The physical inventory shall be completed no later than April 30 of each year. An inventory report shall be filed in the office of the Finance Director no later than May 31. The report shall be in a format approved by the Finance Director. The term "fixed assets" means land of any value, improvements to land, buildings, improvements other than buildings, artwork and historic collections, and vehicles, machinery, and equipment. "Fixed assets" does not include expendable supplies and other items excluded by state accounting standards. The Finance Director shall prepare a system for use by all departments in conducting the inventory required by this section.
Prior to the adoption of 6435 on 03/28/2007, Section 2.08.010 read as follows.
All city departments shall conduct a physical inventory of city owned equipment annually during the month of December. This report shall be filed in the office of the finance director no later than the last day of December. The term "city owned equipment" means all items of machines, tools, furniture, or furnishings other than expendable supplies and materials as defined by the office of finance director. The finance director is authorized and instructed to prepare a system for use by all departments in implementing and maintaining such inventory. (Prior code § 1.06.010)