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Board adopts asset-capitalization threshold, approves BP 3400
Summary
The Board approved Board Policy 3400 on management of district assets and adopted Resolution No. 2025‑09 establishing an asset capitalization threshold; the motion carried unanimously, 5–0.
The Lakeside Union School District Board on Nov. 14 approved Board Policy 3400 (Management of District Assets/Accounts) and adopted Resolution No. 2025‑09 to set the district's asset capitalization threshold. The motion carried unanimously, 5–0 (Ayes: Bennett, Ellenson, Hayes, Hoefer Moir, Kasper).
Board members approved the policy and the resolution together as part of the consent/policy block. The action formalizes how the district will classify and capitalize assets moving forward; the resolution was recorded in the meeting minutes as Resolution No. 2025‑09.
