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Goodhue County board raises fixed-asset threshold, approves 2026 financial policies
Summary
The Goodhue County Board approved its 2026 financial policy manual, raising the fixed-asset capitalization threshold from $5,000 to $10,000 and affirming routine annual review to align policies with current costs and audit expectations.
The Goodhue County Board of Commissioners voted to approve its 2026 financial policy manual during the board's regular meeting on Jan. 14, 2026. Finance staff recommended the policies and told commissioners the manual contains nine policies, with a notable change raising the fixed-asset capitalization threshold to $10,000 from $5,000 to align the policy…
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