My WebLink
|
Help
|
About
|
Sign Out
Home
2009 CAFR
Roseville
>
Budget
>
2009 CAFR
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/23/2013 9:53:17 AM
Creation date
12/23/2013 9:43:27 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
138
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2009 <br />NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) <br />D. Assets, liabilities, and net assets or equity (Continued) <br />4. Capital Assets (Continued) <br />Property, plant and equipment of the City are depreciated using the straight -line method over the <br />following estimated useful lives: <br />Assets <br />Years <br />Buildings <br />40 <br />Building Improvements <br />25 <br />Furniture and Equipment <br />5 <br />Light Vehicles <br />5 <br />Heavy Vehicles <br />10 <br />Fire Trucks <br />20 <br />Streets and public infrastructure <br />50 <br />Utility distribution systems <br />80 <br />5. Compensated absences <br />It is the City's policy to permit employees to accumulate earned but unused vacation, Paid Time Off <br />(PTO), compensatory time, and sick pay benefits. There is an estimate for a liability for unpaid <br />accumulated sick leave, as employees may receive up to 320 hours upon retirement only. All <br />vacation, PTO, compensatory time, and estimated sick pay benefits are accrued when incurred in the <br />government -wide and proprietary fund financial statements. A liability for these amounts is reported <br />in governmental funds only if they have matured, for example, as a result of employee resignations <br />and retirements. <br />51 <br />
The URL can be used to link to this page
Your browser does not support the video tag.