County Commissioner Ordinance - January 2011GIBSON COUNTY ORDINANCE 2011-1
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GIRSON COUNTYr INDIAHA
GEB2IE S WETHINGTON, REC:OfiC�ER
06-20-2i111 At 10:49:2? nm.
COUNTY ORD .00
AN ORDINANCE AMENDING ORDINANCE NO. 1995-4
AN ORDINANCE ESTABLISHING A FIXED ASSET CAPITALIZATION POLICY
WHEREAS, the Board of Commissioners of Gibson County, Indiana, on
November 6, 1995, adopted Ordinance No. 1995-4, which established a
fixed asset capitalization policy; and
WHEREAS, in Section 1, - Definitions and Provisions of Ordinance
1995-4, under Machinery and Equipment, items with an individual value
equal to or greater than $750 would be capitalized and tagged; and
WHEREAS, the Gibson County Auditor's Office recommends that the
current $750 threshold level for capitalization be raised to $2000;
NOW, THEREFORE, BE IT ORDAINED by the Gibson County Board of
Commissioners that Ordinance No. 1995-4 be amended to change the $750
level under Machinery and Equipment in Section 1 to $2000. All other
provisions of said Ordinance shall remain in full force and effect.
APPROVED AND ADOPTED by the Board of Commissioners of Gibson
County this� day of ]anuary, 2011.
GIBSON COUNTY BOARD OF COMMISSIONERS
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ob Townsend, President
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Gerald Ble�oe, VP
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Alan Douglas, Member
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ATTEST: C.T. Montgome� ibson unty Auditor
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AUDITOR GIP.S�N (:Ol1NTY