The board of county commissioners is responsible for preparing and maintaining an ongoing inventory of land and buildings owned by the county. Each inventory record should include property and legal description, date acquired, how acquired, and historical cost. The inventory should include all property owned by the county regardless of how acquired. For example, property acquired at resale should be added to the inventory as provided by a list from the county treasurer.
Counties may use SA&I 1-9005, Fixed Asset Record, for land/buildings and complete the relevant parts or keep a land and building list. Purchases with both land and improvements may be recorded on one record.
