Finance proposes Workday‑related changes to county asset policy and higher equipment threshold
Finance staff proposed amending the county capital asset policy to incorporate GASB 96 requirements for subscription‑based IT agreements and to raise the equipment capitalization threshold to $10,000, matching several federal standards.
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Dan Grady and colleagues in the finance department told supervisors the county's move to Workday will require revisions to the capital asset and capitalization threshold policy. "GASB standard 96, which is subscription‑based IT agreements, ... now with our Workday agreement, we do" meet the criteria that require accounting for those subscriptions, Dan said.
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