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Finance committee updates capital asset policy to add bulk-purchase rule, affirms $10,000 threshold
5855273 · July 31, 2025
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Summary
The committee approved a revised capital asset policy on July 21 that formalizes a $10,000 capitalization threshold and adds guidance to treat large bulk purchases as capital assets following GASB guidance.
The Village of Waunakee Finance Committee approved revisions to the villages capital asset policy on July 21 to incorporate a $10,000 capitalization threshold and a new bulk-purchase rule. Renee, a village staff member, told the committee the policy had not been substantially updated since 2003 and that the village previously raised…
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