Laserfiche WebLink
· Installation or upgrade of window or door frame, upgrading of windows <br /> or doors, built-in closet and cabinets <br />· Interior renovation associated with casings, baseboards, light fixtures, <br /> ceiling trim, etc. <br />· Exterior renovation such as installation or replacement of siding, roofing, <br /> masonry, etc. <br />· Installation or upgrade of plumbing and electrical wiring <br />· Installation or upgrade of phone or closed circuit television systems, <br /> networks, fiber optic cable, or wiring required in the installation of <br /> equipment (that will remain in the building) <br />· Other costs associated with the above improvements <br /> <br />Examples of items to be considered maintenance and repairs and not capitalized <br />as buildings are: <br /> · Adding, removing and/or moving of walls relating to renovation projects <br /> that are not considered major rehabilitation projects and do not increase <br /> the value of the building <br /> · Improvement projects of minimal or no added life expectancy and/or value <br /> to the building <br /> · Plumbing or electrical repairs <br /> · Cleaning, pest extermination, or other periodic maintenance <br /> · Interior decoration, such as draperies, blinds, curtain rods, wallpaper <br /> · Exterior decoration, such as detachable awnings, uncovered porches, <br /> decorative fences, etc. <br /> · Maintenance-type interior renovation, such as repainting, touch-up <br /> plastering, replacement of carpet, tile, or panel sections; sink and fixture <br /> refinishing, etc. <br /> · Maintenance-type exterior renovation such as repainting, replacement of <br /> deteriorated siding, roof, or masonry sections <br /> · Replacement of a part or component of a building with a new part of the <br /> same type and performance capabilities, such a replacement of an old <br /> boiler with a new one of the same type and performance capabilities <br /> · Any other maintenance-related expenditure which does not increase the <br /> value of the building <br /> <br />Equipment, Machinery, and Vehicles <br />Fixed or movable tangible assets to be used for operations, the benefits of which <br />extend beyond one year from date of receipt and rendered into service. Personal <br />property paid for jointly by the city and other governmental entities should be <br />capitalized by the entity responsible for future maintenance. <br /> <br />Examples of expenditures to be capitalized as equipment, machinery, and vehicles: · Original contract or invoice price <br /> · Freight charges <br /> <br />7 <br /> <br /> <br />