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ICABAItRU$ COUIMTYJ <br /> <br />NORI~ CAROLINA <br /> <br />INTEROFFICE MEMORANDUM <br /> <br />TO: <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />DATE: <br /> <br />FILANK W. CLErrON, JR. <br /> <br />BLAIR BENNE'IW ~ <br />FIXED ASSET LIMIT <br /> <br />12/08/99 <br /> <br /> We are currently preparing budget instructions for fiscal year 2000/2001, As an integral part of <br />these instructions each year we review and update certain criteria to maintain consistency within <br />other counties of similar size. We currently use $1,500.00 as our fixed asset limit for purchases from <br />capital equipment accounts. For the budget beginning July 2000, it is requested that the limit be <br />raised to $2,500.00. Through discussions with the Institute of Government and GFOA officials, we <br />have ascertained their concurrence in this matter for a county with our population. <br /> <br /> We have an excellent accounting system for tracking fixed assets and providing management <br />information when needed. Please consider this request at your December 20, 1999 Board of <br />Commissioners meeting in order that we may implement the departmental instructions for budget <br />preparation. <br /> <br /> I appreciate your considerafon of this matter and will be available at the meetfi~g should <br />questions arise. <br /> <br /> Finance Department <br />P.O Box 707 · Concord, NC 28026-0707 * (7~' 788-8104 <br /> <br /> <br />