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BOCC Regular Meeting <br />July 5th, 2022 <br /> <br />Staff Report by: Brian Carlson, Budget and Finance Director <br />Topic: Capital Assets Inventory - December 31, 2021 <br />Summary: <br />This item is a follow-up to the June 16th Finance study session, which was not posted as an action item. <br />Staff is requesting formal approval and signature of the attached Capital Asset Certification. <br />Original report from June 16th is copied below: <br />• State Statutes and County policy stipulate that the BOCC must annually certify an inventory of <br />capital assets as of year-end. The Certification letter to be signed by BOCC is included in the <br />meeting materials. <br />• Maintenance of and accounting for the capital asset inventory list is delegated to County <br />Auditor. <br />• Finance staff has prepared a summary list of inventory reflecting depreciated value and <br />accumulated depreciation for 2020 and 2021. <br />• Detailed reports are contained in a binder for BOCC review. Staff can postpone BOCC <br />signing/action on this topic until July finance study session to accommodate a review of these <br />reports, if desired by BOCC. <br /> <br />• For future review/analysis, Director will revise this presentation to enable a more intuitive <br />and relevant understanding of Countywide assets, trends and drivers, and impacts to <br />operations and finances. <br /> <br />• Attachment: Fixed Assets YE 2021 (letter to BOCC, summary values, Certification to be signed) <br /> <br /> <br /> <br />