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Gilpin County raises capitalization threshold to $10,000 to align with state and federal rules
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Summary
The board adopted Resolution 26-024 to increase the county capitalization threshold from $5,000 to $10,000 for audit year 2025 and future years, a change the finance director said aligns the county with state and federal practices and reduces administrative burden.
Gilpin County commissioners voted 3-0 on March 10 to adopt Resolution 26-024, increasing the county's capitalization threshold from $5,000 to $10,000.
Finance staff said the change follows late-2024 adjustments…
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