South Coast Air Quality Management District
South Coast Air Quality Management District
BOARD MEETING DATE: July 12, 2002 AGENDA NO. 24
Remove Various Fixed Assets from AQMD Inventory
SYNOPSIS:
AQMD Policy and Procedure No. 20 requires a biennial Districtwide fixed asset inventory, an annual Science and Technology Advancement inventory, and the disposal of fixed assets declared surplus. In 2001, the biennial Districtwide fixed asset inventory was conducted. This action is to declare as surplus the equipment determined to be obsolete or broken and not worth repairing.
COMMITTEE:
Administrative, June 14, 2002, Recommended for Approval
RECOMMENDED ACTION:
Declare the items on Attachment A as surplus and authorize removal of these items from the fixed assets inventory.
Barry R. Wallerstein, D.Env.
Executive Officer
Background
AQMD Administrative Policy and Procedure No. 20 establishes procedures for the approval, purchasing, tagging, physical inventory, and disposal of fixed assets equipment. This policy requires an annual inventory of the Science and Technology Advancement, Monitoring and Analysis (M&A) section and a biennial inventory of all other organizational units.
During August through December 2001, each organizational unit at the AQMD conducted a biennial physical inventory of its equipment. These inventories were observed by Finance staff. All AQMD fixed assets were accounted for during this inventory.
Attachment A is a list of obsolete or non-repairable fixed assets as determined by staff. AQMD Administrative Policies and Procedures No. 20 provides that obsolete and non-repairable fixed assets are to be approved by the Board for write-off and deletion from AQMD fixed assets records.
Proposal
Staff recommends that the obsolete fixed assets totaling $1,421,318 from Attachment A be declared surplus and removed from AQMD’s total fixed assets inventory of $28,068,325. Based on the original cost, the items for which removal is recommended represent approximately 5.1% of total equipment inventory. Vehicles will be sent to auction or scrapped.
Resource Impacts
The proposed action will have no impact on the General Fund, but the General Fixed Assets Account Group will be reduced by $1,421,318.
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