The Director of Finance shall prepare, prior to January 1, of each year, and maintain
a permanent and perpetual inventory of all city properties classified as capital items
(as distinguished from articles or materials and supplies consumed, converted or destroyed
in their use or utilization), and such inventory shall show the location of such properties
of the office, department or agency head and thereafter shall require from each of
them an annual report showing all gains and losses since last report. The Director
of Finance shall maintain in his or her office an independent record of all purchases
and sales, shall at least annually audit the inventory by checking departmental records
and reports against his or her independent records and by field check of city properties
and shall report in writing to the Mayor and Council any discrepancies.
[Added in 1962 by Res. No. 11 as Sec. 144J; Amended 2-14-00 by Res. No. 693; 5-23-05
by Res. No. 1247; 4-10-06 by Res. No. 1395]
(
Res. No. 2017-8, 9-11-2017
)
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