Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board approves $8,000 contract for GASB 34 capital asset inventory
Summary
The Carbon Cliff Board approved a $8,000 engagement with ITV Appraisal, Inc. to update fixed-asset accounting records for Dec. 31, 2022–2024 to support GASB 34 reporting and expedite the village audit.
The Carbon Cliff Board of Trustees approved a contract with ITV Appraisal, Inc. of Chicago for $8,000 to perform a GASB 34 capital asset inventory and update the village's fixed-asset accounting records.
The engagement covers records as of Dec. 31, 2022, Dec. 31, 2023 and Dec. 31, 2024 and is intended to speed the village audit process, according to the agenda description. The item was placed on and approved as part of the consent agenda during the board's Oct. 7 meeting. Trustee LeeVon Harris moved to approve the consent agenda and Trustee Wendi Alonzo seconded; the roll-call vote was 4–yes, 0–no, 2–absent.
