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County staff propose capital asset management policy and narrower general-fund reserve target, seek public input
Summary
Assistant CAO Lee Westerlund presented a draft capital asset management policy and proposed changes to the county reserve policy on Jan. 21, asking the Board of Supervisors to direct staff to develop prioritization rules and to return with a public-engagement process and a July 1 effective date for any threshold changes.
Mariposa County’s Board of Supervisors discussed a new capital asset-management policy and proposed changes to the county’s reserve-policy calculations during the Jan. 21 meeting.
Assistant County Administrative Officer Lee Westerlund said the county has not taken a countywide, disciplined approach to capital budgeting and asset replacement and recommended three categories for asset planning: (1) roads, (2) inventory replacement (for repeatable replacements such as computers), and (3) prioritized capital projects for buildings, equipment and facilities. She presented minimum capitalization thresholds and sample prioritization criteria drawn from peer counties and the Government Finance Officers Association.
Westerlund said the proposal borrows capitalization thresholds from a Sonoma…
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