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Montevallo council raises capitalization threshold to $5,000 to reduce accounting workload
Summary
The Montevallo City Council unanimously adopted RESOLUTION 02092026-134 on Feb. 9, 2026, increasing the city's capitalization threshold from $250 to $5,000 following a recommendation from accounting firm Dent Moses, LLP to reduce administrative burden and align with common practice.
Montevallo's City Council voted unanimously on Feb. 9 to adopt RESOLUTION 02092026-134, which raises the city's capitalization and depreciation threshold for individual assets to $5,000. The motion was made by Council Member Lelia Mitchell, seconded by Council Member Kenneth Dukes, and recorded as All Ayes.
The resolution cites Governmental Accounting Standards Board (GASB) Statement No. 34 and a memorandum from the city's auditors,…
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