24-1120
Transfer of funds from account no. 1000-6700-53410 (rental of machinery and equipment) to account no. 1000-6700-54100-700 (IT equipment-capital lease) in the amount of $49,500 necessary to move funds to the newly created Capital Policy IT Equipment-Capital Lease line for postage equipment lease costs. GASB 87 changed the accounting standard regarding ownership criterium for the determining of capital assets in regards to leases. This change requires assets where the County has a non-cancelable right to control in excess of one year as to be considered capital in nature when determining ownership. (Clerk of the Circuit Court)
- Committee
- Judicial and Public Safety Committee
- Introduced
- March 28, 2024
- On agenda
- April 2, 2024
- Passed
- April 2, 2024