The Director of Administrative and Financial Services shall prepare rules and regulations for the disposition of surplus fixed assets. Whenever any fixed asset is surplus, obsolete or not useful, and such property is not to be traded in for replacement of items of like kind, the affected department shall notify the Director of Administrative and Financial Services who shall dispose of such property in accordance with established procedures. All moneys derived from the sale of fixed assets shall be credited to the department fund from which the property was surplused. (Ord. 17226 § 131, 1-27-98. Code 1995 § 2-452.)