What is recorded in the general fixed assets ledger?

The general fixed assets ledger is a critical component in municipal accounting, as it serves to maintain a comprehensive record of a municipality's fixed assets. Fixed assets include long-term tangible assets that are essential for the operations of municipal services, such as buildings, equipment, and infrastructure.

The correct choice highlights that the general fixed assets ledger specifically records the value of fixed assets that exceed a certain monetary threshold, which is typically set at $5,000. This threshold ensures that only significant assets are tracked in detail, allowing municipalities to manage their resources effectively. Recording these assets provides important information for financial reporting, asset management, and compliance with accounting standards.

Other options, while related to municipal operations or finance, do not align with the specific purpose of the general fixed assets ledger. For instance, financial forecasts and estimates, the inventory of all municipal equipment, and monthly expenses pertain to different aspects of municipal financial management and would be tracked in other accounting records or reports. Thus, the focus on assets valued over $5,000 makes the correct choice pertinent to understanding how municipalities manage their fixed assets.