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Pine Tree ISD board conducts first reading to raise capital-asset threshold to $10,000
Summary
On first reading, the board approved revising Local Policy CFB to set the capitalization threshold for individual capital assets at $10,000, in line with legal allowances; the motion passed 4-0.
The board considered and approved the first reading of a revision to Local Policy CFB to revise the capitalization threshold for individual capital assets to $10,000, as permitted by law. Trustee Melanie Roudkovski moved for approval; Adam Graves seconded the motion and the board approved the first reading 4-0.
The change alters the district’s capitalization threshold for fixed assets, which can affect how items are recorded on the district balance sheet and the timing of capital versus operating expense recognition. The minutes do not specify an effective date for the policy change; it was recorded as a first reading.
