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Commission adopts equipment‑replacement policy to fund future replacements and provide department reporting
Utah County Commission · August 10, 2022
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Summary
The county adopted a policy to charge departments annually to amortize equipment replacement costs over an asset’s useful life, maintain an asset listing in the fixed‑asset system, and provide annual inventory and financial reports to departments; commissioners emphasized transparency and annual reporting.
Commissioners debated and adopted an equipment‑replacement policy that establishes a scheduled annual charge to departments so replacement costs are recovered over an asset’s estimated useful life (example: five years). Staff said the policy will maintain a detailed…
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