Description
Policy for capital assets. Covers: definition of a capital acquisition (tangible, operational, useful beyond one year, value threshold); straight-line amortization; General Manager responsibility for disposals; disposal reasons (obsolete, damaged, depleted, end of life, surplus); professional appraisal threshold; written board approval threshold; minimum two-week advertising; secured funds for larger sales; accounting for disposal, transfer or sale; and written reporting to the board.
