Chapter Three: Fixed Asset Record - Property and Equipment – Form #9005
The Fixed Asset Record creates a record showing equipment owned by the county costing Twenty-Five Hundred Dollars ($2,500.00) or more and information technology (IT) hardware and software (non-road/bridge) costing Five Hundred Dollars ($500.00) or more. This form may also be used to record land and buildings at their initial (historic) cost. 19 O.S. § 1502
An office or department may use the form to track all fixed assets, not limited to only those items costing Twenty-Five Hundred Dollars ($2,500.00) or more and information technology (IT) hardware and software (non- road/bridge) costing Five Hundred Dollars ($500.00) or more.
This form is used each time equipment is acquired or disposed of in each office and department.
The information comes from purchase orders, receiving reports and accompanying invoices, and warrant activity.
Figure 32. Fixed Asset Record - Property and Equipment