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Midway City Sanitary District adopts updated capital assets capitalization policy
Summary
The board unanimously adopted Resolution No. 2026-09 updating its capital assets capitalization policy after a staff recommendation; the measure passed on a 5-0 roll call vote.
The Midway City Sanitary District Board of Directors adopted Resolution No. 2026-09, approving an updated capital assets capitalization policy. The motion to adopt was made by Director Andrew Nguyen and seconded by Director Mark Nguyen; the board approved the resolution on a 5-0 roll call vote.
The resolution updates the district’s policy for capitalizing assets; staff presented a written summary and recommended the change as an administrative update. No members voted against the measure and no amendments were recorded. The board’s formal adoption means the revised capitalization thresholds will guide accounting and asset tracking for the coming fiscal year.
