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City of <br /> Pe not AGENDA ITEM #10.1 . <br /> Lakes _ <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: March 3, 2008 <br /> Subject: Capital Asset Useful Life Table Revisions <br /> Report: The capital asset useful life table is part of the <br /> City's Accounting and Reporting Policy. Following a <br /> review of this table with the department heads and city <br /> auditor, staff is recommending that some changes be made <br /> to the table. The table has been revised to include only <br /> those items that are over $2,500 in value and to include <br /> new items that have been added to the City. <br /> Council Action Requested: Council motion to approve <br /> the revised capital asset useful life table. <br />