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Policy committee proposes $5,000 capitalization threshold, $1,000 inventory floor for district assets
Summary
Niskayuna Central School District staff told the policy committee on May 13, 2025, the revised fixed‑assets policy would set a $5,000 capitalization threshold and require inventorying items costing $1,000 or more, with regulations to guide practice and disposal.
On May 13, 2025, Niskayuna Central School District staff presented a proposed update to the district's fixed‑asset and inventory policy to the policy committee, recommending clear dollar thresholds for recording assets and inventorying equipment.
Staff said the proposed policy would record anything with an acquisition cost of $5,000 or greater as a depreciable fixed asset on the district's financial…
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