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Ferguson Board raises fixed‑asset capitalization threshold to $5,000
Summary
After a public hearing, the board adopted a resolution increasing the township's fixed‑asset capitalization threshold from $2,500 to $5,000 to align with current best practices; the vote was 4–0.
Ferguson Township supervisors adopted a resolution on March 17 raising the township’s fixed‑asset capitalization threshold from $2,500 to $5,000.
Township staff said the current $2,500 threshold had been set in 2013 and that increasing it to $5,000 aligns with Government Finance Officers Association guidance and practices in neighboring municipalities. Staff said the change will be applied prospectively and will reduce administrative tracking for lower‑cost items.
During the public hearing and discussion board members used examples to clarify the policy: a single laptop costing $2,600 would no longer be capitalized under the new threshold, while a bulk purchase (for example, ten laptops totaling $26,000) would still be capitalized. The board adopted the resolution by roll‑call vote: Vice Chair Patterson — yes; Miss Stevens — yes; Mr. Heler — yes; Mr. White — yes.
The policy change will take effect immediately and apply to future purchases; staff noted the threshold can be reviewed again in a few years if circumstances warrant.
