The Yankton City Commission convened on September 22, 2025, to discuss several key issues, including updates to the city's fixed asset capitalization policy and future business matters.

One of the primary topics was the proposed update to the city's capitalization policy for group purchases. City officials explained that the change, recommended by auditors, would raise the threshold for capitalizing individual items from $500 to $5,000. This adjustment aims to streamline the accounting process and ensure compliance with Government Accounting Standards Board (GASB) guidelines. An example provided was the significant investment in dispatch furniture, which totaled nearly $95,000 and was funded through CARES funding in 2021.

The commission discussed the implications of this policy change, noting that while the threshold for capitalization would increase, any major expenditures would still require commission approval and adherence to state bidding laws. This means that projects exceeding certain financial limits would still need to be publicly bid, ensuring transparency and accountability in city spending.

Following the discussion, the commission voted unanimously to approve the updated capitalization policy, signaling a commitment to efficient financial management while maintaining oversight on significant purchases.

In addition to the main topic, the meeting included a segment for future business, allowing commissioners to propose additional items for upcoming agendas. However, no specific issues were raised during this time.

Overall, the meeting underscored the commission's focus on improving fiscal policies and preparing for future expenditures, reflecting a proactive approach to city governance.