HomeMy WebLinkAbout21-97 Adopting Capitalization and Depreciation Policy 09-08-2021RESOLUTION NO. 21-97
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE TOWN OF
FIRESTONE, COLORADO, ADOPTING THE TOWN OF FIRESTONE
CAPITALIZATION AND DEPRECIATION POLICY
WHEREAS, the Town of Firestone has previously adopted the Capitalization and
Depreciation Policy for the Town; and
WHEREAS, the Board of Trustees finds that such policy should be updated and that the
adoption of a current Capitalization and Depreciation Policy will promote and support the efficient
and effective use of Town resources and promote the best interests of the Town; and
WHEREAS, there has been presented to the Board of Trustees for adoption a proposed
Capitalization and Depreciation Policy, which has been developed through the collaborative efforts
of the Town Manager, Director of Finance and consultants; and
WHEREAS, the Board of Trustees finds that the adoption of such policy is authorized by
law; and
WHEREAS, the Board of Trustees finds that the proposed Capitalization and Depreciation
Policy is solely in support of the Town's fiscal responsibilities; and
WHEREAS, the Board of Trustees by this Resolution to desires to adopt said policy;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE TOWN OF FIRESTONE, COLORADO:
Section 1. The Board of Trustees hereby approves and adopts the Town of Firestone
Capitalization and Depreciation Policy, which is attached to this Resolution.
Section 2. The Policy approved and adopted by this Resolution shall take effect September
8, 2021.
Section 3. All resolutions and policies or portions thereof previously adopted that are
inconsistent or conflicting with the Policy adopted by this Resolution are hereby repealed to the
extent of such inconsistency or conflict.
INTRODUCED, READ, and ADOPTED thisQol�ay of �, 2021.
TOWN OF FIRESTONE, COLORADO
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