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Monona County adopts capitalization policy, sets fixed-asset thresholds and useful-life ranges
Summary
The Monona County Board of Supervisors unanimously adopted Resolution 2026-20 on June 30, 2026, setting fixed-asset capitalization thresholds and estimated useful-life ranges for equipment, vehicles, buildings and infrastructure; the resolution takes effect July 1, 2026.
The Monona County Board of Supervisors on June 30 adopted Resolution 2026-20, establishing the county's capitalization policy and estimated useful-life ranges for fixed assets, effective July 1, 2026.
The resolution, introduced and moved by Chair Bo Fox and seconded by Supervisor Tom Brouillette, passed unanimously. It sets a $5,000 threshold for capital asset recognition and sets a $50,000 threshold for land, buildings, improvements, intangibles and infrastructure. The resolution also prescribes straight-line depreciation ranges, including equipment (2'20 years), vehicles (3'15 years), building improvements (20'50 years), buildings (40'50 years), infrastructure (10'70 years), intangibles (5'0 years), and right-to-use leased assets (3'0 years).
The board recorded the resolution's signatures in the minutes; the document states the measure is effective July 1, 2026. The action updates thresholds set under earlier county practice and provides county finance staff with standardized useful-life ranges for budgeting and financial reporting under GASB 34 implementation.
No public debate or opposing votes were recorded in the minutes. The board took the action as part of its regular session; further implementation falls to county finance and auditing staff.
