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1 ^ ‘ . <br />i <br />i <br />(V/" <br />City Council Agenda May 23,200S <br />Fixed Asset Capitalization <br />Plge2 <br />After review of the existing items recorded as general fixed assets, and consulting with the City’s <br />auditors, we are requesting that Council i^rove a minimum cost of $5,000 be established for the <br />purpose of recording general fixed assets. <br />COUNCIL ACTION REQUESTED: Motion to establish a capitalization threshold for non ­ <br />proprietary funds of $5,000, and for proprietary funds of $ 1,000. <br />■ V. <br />•i. ,vt <br />♦ V*- *• <br />Mi <br />—j .■'.L'