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Board raises district capitalization threshold from $5,000 to $10,000
Summary
Trustees approved changing the district's capital asset threshold from $5,000 to $10,000 for accounting/depreciation purposes citing rising costs and alignment with governmental accounting standards.
Staff asked the board to raise the district's capital control threshold for capitalization from $5,000 to $10,000, citing changes in governmental accounting practice and rising costs of items that make the prior threshold less practical. A staff member explained the change affects depreciation accounting and that the request followed conversation with finance staff.
A trustee moved to approve the threshold change and the motion passed. The board recorded the motion and voted in favor with no recorded opposition.
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