Finance staff: district holds about $120 million in capital assets; bond projects and construction‑in‑progress highlighted

Cassie, speaking for the district finance team, told the board that for audit reporting the district must record capital assets with a $5,000 capitalization threshold and log construction in progress. "Our total capital assets before the accumulated depreciation that we have to record on the financials is a $120,000,000," she said, and described examples ranging from CTE welders to district vehicle purchases.

Cassie walked trustees through the large line items and clarified that construction in progress and bond projects contribute to a substantial portion of additions; she cited specific project lines such as a Custer bond project (about $1,300,000), Raisinville ($555,000) and smaller items (door/frame placements and building additions around $500,000–$600,000). She explained retired assets accounting for sold buses and some CTE equipment and described the district's depreciation approach (typical useful lives of 5–15 years; straight-line). Board members asked about land parcels and the Trojan Build Home project; Cassie said land values reflect recorded cost and that construction in progress is non‑depreciable until completed.