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