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Comptroller flags policy updates; council hears about implementing a Fixed Asset Program
Summary
Councilor Jones highlighted a Comptroller recommendation that city policies be updated and that the city consider implementing a Fixed Asset Program. City Attorney Bell advised clarifying which policies are referenced; City Manager Lovell described the program's scope and cost implications.
Councilor Jones drew attention to a Comptroller comment that multiple city policies need updating and asked staff to clarify which policies were meant. City Attorney Bell said policy revision likely does not require a formal resolution but recommended contacting the Comptroller and the city's insurance carrier for required language.
City Manager Kyle Lovell described a Fixed Asset Program as "an internal tracking system used to monitor assets such as IT software, computers, equipment, supplies, and vehicles," noting the city currently lacks a standardized system and implementation would require purchasing software and assigning staff to manage it. Council tasked the manager with following up with the Comptroller to clarify expectations and report back.
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