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Goodhue County board adopts 2025 financial policies; updates align with GASB guidance
2867599 · February 4, 2025
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Summary
The board adopted updated county financial policies for 2025, including a higher capital improvement threshold, capitalization guidance aligned to GASB, and an added authorized depository (NCUA).
The Goodhue County Board of Commissioners on Feb. 4 adopted the county—s 2025 financial policies after staff outlined several updates intended to align county practice with recent accounting guidance and local conditions.
Finance staff said the department reviews the county—s financial policies annually. The 2025 update revises the…
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