Board updates inventory capitalization threshold to $10,000
Trustees unanimously approved a revision to CFB(LOCAL) to raise the district capitalization threshold from $5,000 to $10,000 to align with recent federal and state changes.
The full story
The board adopted a revision to policy CFB(LOCAL) at the Jan. 20 meeting to raise the capitalization threshold for accounting inventories from $5,000 to $10,000. Trustee Christopher Stanley moved the change and Robert Thayer seconded; the motion passed unanimously.
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