Title
Action on Resolution 26-033, a Resolution approving a Revised Capital Asset Management Policy.
Body
Summary and Recommended Action:
Staff Recommends approval of the proposed Resolution, adopting the updated City of Brookings Capital Asset Management Policy.
The current Capital Asset Management Policy was originally adopted in 2007 and last amended in 2011. Staff completed a comprehensive review and update of the policy to modernize the City’s capital asset management practices, improve operational clarity, and align the policy with current governmental accounting standards and best practices.
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Attachments:
Memo
Resolution
Policy