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Finance director proposes raising capitalization threshold to $10,000; commissioners ask for written policy
Summary
Alina Bell proposed increasing Grand County's capitalization threshold from $5,000 to $10,000 to align with federal and state guidance; commissioners requested written policy language and legal review, and the board rescinded the motion pending a formal policy draft.
Finance Director Alina Bell told commissioners the county's capitalization policy — last set at $5,000 in May 2015 — should be increased to $10,000 for next calendar year to adjust for inflation and align with federal uniform guidance and the state.
A commissioner asked to see the written policy language before approval. Another commissioner said they had not seen the policy and requested the item be returned as a policy for legal review. Based on that concern and legal advice the original motion was rescinded and the board gave direction to staff to develop a written policy and present it for legal review and formal approval at a future meeting.
