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Commissioners approve capitalization policy updates requested by auditors
Summary
The board approved auditor-recommended changes to the county capitalization policy, including updates to useful-life tables and capitalization thresholds; commissioners declined to change the sheriff vehicle upfit useful life.
A staff member briefed the board on a proposed update to the county capitalization policy that incorporated auditor requests to capture more items on the fixed-asset schedule, including changes to the useful-life table and capitalization thresholds on page 3. The staff member said the auditors requested the policy be retroactive to 07/01/2025.
The staff member said they did not accept the auditor-recommended useful-life for a sheriff's vehicle, noting the upfit typically carries a five-year useful life because parts are refitted to new vehicles. A Committee member moved to approve the capitalization policy as requested by the auditors; the motion was seconded and the Chair announced the motion carried. The transcript records the retroactive date as part of the auditors' request.
