(a) Custody and responsibility for all fixed assets acquired by the City for use by a specific department or organization subject to the provisions of this article shall be with the respective department head or the equivalent thereof of such department or organization.

(b) The Department of Administrative and Financial Services shall maintain records of all fixed assets owned by the City. The records shall include pertinent information as deemed appropriate. The Department of Administrative and Financial Services shall verify or request verification from all departments or organizations of all assets or asset records.

(c) The Department of Administrative and Financial Services shall prepare an annual listing of all assets of record for each department or organization subject to the provisions of this article. A copy of such listing shall be furnished to the head of each department or organization. Within 90 days after the receipt of such listing, each department head or the equivalent thereof shall be required to certify under oath that he or she has inspected the assets included on such list and that the same is accurate. If the inspection as required by this section uncovers irregularities between the assets listed and those assets in the custody of each department or organization, such irregularities shall be noted on the listing and certified accordingly. (Ord. 17226 § 128, 1-27-98. Code 1995 § 2-449.)