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Portage council approves $1.34 million in claims and adopts asset capitalization policy
5920363 · October 9, 2025
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Summary
The Portage City Common Council approved $1,339,580.33 in claims and adopted a capitalization policy setting $5,000 and $25,000 thresholds for fixed assets and infrastructure after an auditor request.
The Portage City Common Council approved $1,339,580.33 in claims and adopted a new capitalization policy for city fixed assets at its regular meeting on Oct. 15, 2025.
The actions, taken during the finance and administration portion of the agenda, formalize how the city will record and report capital assets and authorize payment of the claims…
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