County commission approves fixed asset transfer resolution
June 29, 2012
At a recent meeting, members of Tennessee's Cumberland County Commission approved a resolution to transfer fixed assets
and liabilities to the county's sanitation fund after the decision was made to close its landfill earlier this year, the Crossville Chronicle reports.
As of the end of June, the landfill fund will be officially closed in light of the fact that the landfill is no longer generating revenue. In lieu of the landfill, the county has been using a solid waste transfer station instead. The board unanimously approved the resolution to incorporate the landfill's fixed asset
holdings into general government assets, with one commissioner - an employee of the Cumberland County Solid Waste Department - abstaining.Fixed asset management
can be tricky, especially at a municipal level, but Sage Fixed Assets offers a solution to help keep things straight. By using Sage Fixed Asset Government Solutions, municipalities can set up a centralized receptacle for information pertaining to depreciation calculation
, asset locations, maintenance schedules, warranty details and more.