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Audit committee probes motor‑pool replacement program, depreciation and leasing strategy
Summary
Staff explained the city's fleet replacement approach, depreciation accounting changes over the past five to six years and a lease/rotate program that yields new vehicles under warranty more often.
North Ogden staff described how the city acquires, depreciates and replaces fleet vehicles and why recent accounting changes have increased visible motor‑pool balances in the budget.
David (staff member) told the audit committee the city had for years recorded depreciation but did not always set the cash aside. After a change of audit firm, the city began setting aside depreciation properly about five to six years ago. Members asked whether that reserve now covers…
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