CAPITAL OUTLAY POLICY
We, the Village of Nashville, propose that the capital outlay monetary threshold shall be $1,000.00 for equipment purchased and $1,000.00 for improvements.
Any item purchased below this dollar amount shall be recorded (coded) to either supplies or repairs
and maintenance accounts. All items purchased that are equal to or greater than this amount
shall be recorded in the CAPITAL OUTLAY accounts (for the specific activity for which the purchased item is used) and added
to the General Fixed Assets Account Group (historical listing of all assets owned).
DATE ADOPTED: DECEMBER 12, 2002.