Board raises capitalization threshold in CFB(LOCAL) to $10,000
Trustees unanimously approved revisions to CFB(LOCAL) to increase the capitalization threshold for district accounting from $5,000 to $10,000, aligning policy with recent state and federal changes.
The full story
The board unanimously approved changes to CFB(LOCAL): Accounting Inventories that increase the capitalization threshold from $5,000 to $10,000. Trustee Christopher Stanley moved the revision and Trustee Robert Thayer seconded the motion; the minutes record unanimous approval.
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