PROJECTBUDGET PLANNING

Capital asset threshold policy change

City of Parkville
Detected
Oct 26, 2026
7 days ago
Sector
Administration & Finance
Detected 7 days agoOct 26

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From the meeting

At its October 26, 2026 meeting, the committee reviewed a proposed capital asset capitalization policy that would raise the City's threshold from $2,500 to $10,000 for all funds and asset classes. Staff said the change was recommended by auditors and would apply retroactively to January 1, 2026, while leaving existing assets on their current schedules. The Finance Director would administer the policy if adopted.

This matters to vendors because it can change how smaller equipment, software, and construction-related purchases are tracked and reported.

Meeting date
October 26, 2026
Agency
City of Parkville

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