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<br />Buildings <br /> <br />. Original cost of acquisition or construction of buildings <br />including installation of heating and ventilating syste111s, <br />electrical, plunlbing, fire protection and other service systems, <br />built-in equipITIent, paint and other interior or exterior <br />decoration; <br />. Additions to existing buildings that extend the floor area; <br />· Inlprovenlents that do not extend the floor area but increase the <br />value of the building or extend its useful life by ITIOre than <br />three years; <br />· Anlounts paid under installnlent lease contracts which have a <br />tel111inal date and result in the acquisition of buildings. <br /> <br />Vehicles <br /> <br />· Original cost of all transport vehicles and trailers that are not <br />classified as equipnlent and can be registered for use on public <br />highways; <br />· A1110unts paid under installnlent or lease contracts that 11ave a <br />telll1inal date and result in the acquisition of the vehicle. <br /> <br />In frastructure <br /> <br />· The original cost of street or trail construction, including <br />lighting systenls, sidewalks and bridges; <br />· The original cost of underground and above-ground utility <br />systenls, including water, sanitary sewer and stoml sewer. <br />Tncl udes water towers, well houses and Ii ft stations. <br /> <br />2. City Council Approval: <br /> <br />Counci I approval refers to official action of the city council by Illotion or <br />resolution, as reflected in the official 111inutes of the city council. <br /> <br />3. Capital Expenditure: <br /> <br />Purchase of capital asset(s) as defined by this policy. <br /> <br />4. General Expenditure: <br /> <br />This iteITI includes all other spending in the budgetary accounts of the city. <br />For the purposes of this policy, general expenditures shallllot include <br /> <br />2 <br />