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Council adopts updated financial policies manual; capitalization threshold raised to $10,000
Summary
The council adopted Resolution 5823‑24 to update the city’s financial policies manual. Primary change increases the capital asset capitalization threshold from $5,000 to $10,000; other edits standardize language and incorporate annual investment policy approvals.
TUALATIN, Ore. — The Tualatin City Council adopted Resolution 5823‑24 on Dec. 9 updating the city’s Financial Policies Manual. Assistant City Manager and Finance Director Don Hudson said the manual brings the city’s policies in line with current professional standards and incorporates recent, council‑adopted policy updates.
Nut graf: The most substantive change codified in the manual increases the capitalization…
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