Finance staff introduces five-year capital worksheets; committee debates $5,000 capitalization threshold
Finance staff circulated five-year capital worksheets and asked departments to list projects and major purchases; members discussed setting a lower-dollar threshold for capitalization (noted in discussion as $5,000 per accounting rules) and the trade-offs between borrowing for large projects versus yearly operating purchases.
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Staff presented a five-year capital planning worksheet for departments to identify major capital purchases and to prioritize only next-year needs for ranking.
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