Fla. Admin. Code R. 69I-73.002
Current through Reg. 50, No. 222; November 13, 2024
All property with a value or cost of $5,000 or more and a projected useful life of 1 year or more shall be recorded in the local government's financial system as property for inventory purposes. For the purpose of this rule chapter, "cost" is used if the property is purchased and represents the purchase price of the property item; "value" is used if the property is donated and represents the worth or acquisition value of the property item at the date of donation. Attractive items with a value or cost less than $5,000 shall be recorded in the local government's financial system as property for inventory purposes.
Fla. Admin. Code Ann. R. 69I-73.002
Rulemaking Authority 274.02 FS. Law Implemented 274.02 FS.
New 3-25-08, Amended 10-1-20.