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<br />following exceptions may be paid by approval of the city adnlinistrator <br />and are given general blanket approval by the city council, provided that a <br />list of all such clainls paid in this manner is presented to the council for <br />approval at the next regular nleeting: <br /> <br />. Disbursements nlade from trust and agency funds of the city; <br />. Bond paymel1ts il1cluding principal, interest, alld agent fees; <br />. Payroll; <br />. Appropriations of the city council; <br />· Registration fees for l11eetings and seminars wllere a late <br />cllarge would be incun-ed or a deadline nlissed ifpaynlent was <br />delayed to the next council nleeting; <br />. Postage nleter replenishlnent; <br />· Contract paytl1ents for contracts entered into by the city council <br />that have specific paytl1ent instructions, including construction <br />and developnlent contracts, witll the exception of the final <br />paynlent; <br />· Paytllents in which a substantial discount can be realized by <br />tilllely paytl1ent; <br />· Paytllents frolll non-budgetary accounts such as federal and <br />state agency trust and liability paynlents (i.e., payroll taxes, <br />sales tax, etc.) <br />· Monthly lease paytl1ents on leases entered into by the city <br />council, excluding the final paynlent of a lease-purchase <br />contract; <br />. Investlllents. <br /> <br />9. I{ecording and l)epreciating (,'api.a) /\ssets <br /> <br />C~apit~d assets should be recorded and reported at historical cost. \Vhcn <br />the historical cost or a carital asset is 110t practicahly deternlinahlc.. the <br />cst i n1<1t cd 11 i stori c~lI enst 0 f' the asset ShOll ld he dcternl j l1ed by nppropri ate <br />n1 e t It 0 d s . L~ s tin 1 ate d It i s tor i c a 1 co S t s 11 () ul d be ide 11 tit 1 cd i 11 t 11 c r cc 0 rei s ~ <br />including the basis ofdctcrnlination. [)onatcd capital ~lsscts should be <br />r L' cor d cd a t f~ 1 i r v u III cat the t i 111 cor ~ l C qui s i 1 j 0 11 . <br /> <br />III accordance \\'ith Cio\'ernn1Cl1t~11 /\ccounling Standards 130ard (CJ/\SI3) <br />34'1 fi;\('d ~lssctS \\'il1 he depreciated over their cstiln~1tcd Llscf'ullivcs unless <br />they arc: <br /> <br />· Inexhaustible (i .c.. l~ll1d and land ilnprOvCtn('nts~ certain <br />\\'orks 0 r art and historical treasures. <br />· C'ol1structioll \vork in progress. <br /> <br />For financi~l] statclllcllt pllrpos('s~ the straight-Line nlcthod \vil1 be used to <br />calculate depreciation f~)r each capital asset recorded. I\t the end of the <br /> <br />6 <br /> <br />\_- <br />