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Commissioners hold first reading to raise capital-asset reporting threshold to $10,000
Summary
The board conducted a first reading of an ordinance to raise Washington County's capital-asset reporting threshold from $500 to $10,000, following a recommendation from the State Board of Accounts; the ordinance will be read again at the next meeting before a vote.
Attorney April Geltmaker and the auditor presented a proposed ordinance to change the county's capital asset policy by raising the reporting minimum from $500 to $10,000, following a recommendation from the State Board of Accounts. The presentation was recorded as the ordinance’s first reading; the item will be read again at a future meeting before commissioners consider adoption.
No final vote occurred at the first reading. Auditor Kyra Stephenson and Attorney Geltmaker explained the change aligns county reporting with the state recommendation and will alter what purchases are tracked as capital assets for reporting purposes.
