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Board reviews five policy first readings; auditors' fixed‑asset recommendations raise capitalization threshold to $5,000
Summary
The Monticello School Board reviewed five policies at first reading Oct. 6, including a fixed‑asset accounting update that would raise the capitalization threshold from $2,500 to $5,000 and introduce a $25,000 grouping threshold for grouped purchases.
The Monticello School Board on Oct. 6 reviewed five policies in a first reading as part of its regular policy review cycle and heard an operational update from the business office on fixed‑asset accounting changes recommended by auditors.
Rob Daneker, director of human resources, opened the policy package and noted the district is in year three of a multi‑year review cycle intended to reduce the number of policies brought to the board at once. The items reviewed included:
- Policy 303 (Superintendent selection): no substantive updates recommended; presented as a…
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