Thursday, September 3, 2009

Capital Improvement procedures

The Finance Director, Mr. Iacaponi, forwarded this information from the Department of Revenue on capital improvement budget articles.
He also reviewed Dartmouth's policies as follows,

Good Morning:
Please review the attached information from the Department of Revenue
Technical Assistance Section regarding Capital projects.

The Town of Dartmouth's policy (past) practice has been:

1. Capital item of $10,000 or more

2. Useful life of three years

3. Bonding - Useful life of 5 years or more

4. Combine items if less than $10,000 (such as Technology items.

Thank you.
Ed Iacaponi
There will be an opportunity to fund some capital improvements at the Fall Town Meeting. The Capital Improvement Planning (CIP committee will be meeting ...

... to formalize their recommendations before the Fall Meeting. Check here for the schedule (no meetings of the CIP are scheduled this week)
What projects would you like to see the town fund? Why?

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