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Business committee recommends raising capital asset threshold to $10,000 to match federal grant rules
Summary
Director of Business Services Mark Mesbergen recommended the district amend its procurement policy to raise the federal-grant capitalization threshold from $5,000 to $10,000 to conform with a recent federal increase; the board's official policy lists no dollar threshold and would not require a change.
Director of Business Services Mark Mesbergen recommended May 11 that Fruitport Community Schools amend its procurement policy to raise the capitalization threshold used for federal grants from $5,000 to $10,000, reflecting a stated federal increase. "Mark presented a recommendation to amend the capitalization limit from $5,000 to $10,000 in the procurement policy on our website," the meeting minutes record.
Mesbergen told the committee the district's board policy does not state a dollar threshold for capitalization, so the recommendation affects the procurement policy that governs federal grants rather than the board's official policy.
The committee recorded the recommendation in its minutes; no vote or formal board action was recorded in this meeting.
