Referred to: The Ways and Means Committee (Chairman Gerentine and Legislators

Allen, Bartels, Belfiglio, Briggs, Maio, and Maloney)

Chairman of the Ways and Means Committee, Richard A. Gerentine, and Deputy

Chairman Thomas J. Briggs offer the following:

WHEREAS, this resolution has been submitted by the County Executive on

behalf of the Department of Finance; and

WHEREAS, the County has a significant investment in capital assets such as

land, buildings, machinery, equipment and infrastructure; and

WHEREAS, it is necessary to ensure accurate reporting, accountability and

operational efficiencies in managing these assets; and

WHEREAS, the Commissioner of Finance has requested the County

Legislature adopt a written Capital Asset Policy, as amended, to provide policies and

procedures for managing such assets and to comply with General Accepted

Accounting Principals; now, therefore, be it

RESOLVED, that the County’s written Capital Asset Policy be adopted, as

amended, as filed with the Clerk of the Ulster County Legislature,

and move its adoption.

ADOPTED BY THE FOLLOWING VOTE:

AYES: 18 NOES: 0

(Absent: Legislators Briggs, Fabiano, Gerentine,

Maloney, and Roberts)

Passed Committee: Ways and Means on February 9, 2016

FINANCIAL IMPACT:

NONE

STATE OF NEW YORK

 ss:

COUNTY OF ULSTER

I, the undersigned Clerk of the Legislature of the County of Ulster, hereby certify that the foregoing resolution is

the original resolution adopted by the Ulster County Legislature on the 16th Day of February in the year Two Thousand and

Sixteen, and said resolution shall remain on file in the office of said clerk.

IN WITNESS WHEREOF, I have hereunto set my hand and seal of the County of Ulster this 17th Day of

February in the year Two Thousand and Sixteen.

|s| Victoria A. Fabella

Victoria A. Fabella, Clerk

Ulster County Legislature

Submitted to the County Executive this Approved by the County Executive this

17th Day of February, 2016. 25

th Day of February, 2016.

|s| Victoria A. Fabella |s| Michael P. Hein

Victoria A. Fabella, Clerk Michael P. Hein, County Executive

Ulster County Legislature