Information

Type: Deliberation

Department: AUD - Auditor

Directors' Update: Oct. 28, 2020

Business Meeting: Nov. 2, 2020

Summary:

Rescind Resolution 02-494 and Establish a new Small and Attractive Items Policy 

Publications:

Cover Letter To:

Additional Copies To: Suzette Smith Kaity Nissell Grace Jimenez Katie Conradi

Resolution

WHEREAS, the Lewis County Board of County Commissioners (BOCC) passed Resolution 02-494 on Dec. 23, 2002, to establish a countywide small and attractive asset policy for assets valued between $300 and $4,999; and

WHEREAS, it is in the county's best interest to rescind the policy set by Resolution 02-494 and replace it with an updated countywide small and attractive asset policy; and

WHEREAS, the county shall implement a new small and attractive asset policy, as provided in Exhibit 'A'; and

WHEREAS, items purchased with a value between the capitalization level of $2,500 and $4,999 will be subject to the small and attractive asset policy, unless noted otherwise in the policy.

NOW THEREFORE BE IT RESOLVED that the BOCC hereby (1) adopts the new small and attractive asset policy outlined in Exhibit A; and (2) issues a retroactive effective date of October 1, 2020; and

NOW THEREFORE BE IT FURTHER RESOLVED that the Auditor's Office shall make any adjustments required to the underlying financial records for small and attractive assets to be effective October 1, 2020.

DONE IN OPEN SESSION this 2nd day of November, 2020.