Regulation 5620R

Capitalization Policy of Assets

The Broadalbin-Perth Central School District Board of Education hereby establishes the following Capitalization Policy of Assets:

Any Single Capital Asset purchase of $5,000 Five Thousand dollars or more

The dollar values set by the policy will not affect the District’s existing physical inventory procedures. Assets with value at or above the policy limits will be tracked in the physical inventory of capital assets. Assets with value below the policy limits will be tracked using the District’s inventory tracking procedures for non-capital assets.

Adoption Date January 28, 2019