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Board reviews capitalization and federal procurement threshold changes
Summary
Trustees and staff discussed TASB's updated capitalization threshold (district uses $5,000 while TASB's template cites $10,000) and federal procurement thresholds, including the micro-purchase level at $15,000 and questions about the simplified acquisition amount and local caps.
Staff and trustees reviewed recent threshold changes affecting asset reporting and procurement. A staff member (S4) explained the district currently uses a $5,000 capitalization threshold for capital asset listing while TASB's update referenced a $10,000 threshold; the distinction affects which items are reported as capital assets.
Trustees also discussed federal procurement thresholds: one trustee (S5) cited an increase to a $15,000 micro-purchase threshold and a simplified acquisition threshold near $350,000, and staff described how those thresholds determine competitive procurement rules. Several participants noted local or state caps that differ from federal thresholds and that the practical effect is on procurement process and number of required quotes.
