To: BOARD OF SUPERVISORS
From: Executive Office
Meeting Date: June 24, 2025
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Department Contact: |
Tony Rakes |
Phone: |
707-463-4441 |
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Department Contact: |
Jesica Sandoval |
Phone: |
707-463-4441 |
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Item Type: Consent Agenda |
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Time Allocated for Item: N/A |
Agenda Title:
title
Adoption of Resolution Increasing the Capitalization Threshold from $5,000 to $10,000 per 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR Part 200), with an Effective Date of July 1, 2025
End
Recommended Action/Motion:
recommendation
Adopt Resolution increasing the capitalization threshold from $5,000 to $10,000 per 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR Part 200) with an effective date of July 1, 2025; and authorize Chair to sign same.
End
Previous Board/Board Committee Actions:
On August 26, 2014, the Board adopted Policy 1, the Purchasing, Leasing & Contraction Policy. In Section 2.4, this policy established a capitalization threshold of $5,000.
Summary of Request:
On October 1, 2024, 2 CFR Part 200 was revised, increasing the capitalization of equipment from $5,000 to $10,000. County capitalization policy establishes a capitalization threshold of $5,000, which is no longer consistent with the federal standard.
Alternative Action/Motion:
Provide alternate direction to staff.
Strategic Plan Priority Designation: An Effective County Government
Supervisorial District: All
Vote Requirement: Majority
Supplemental Information Available Online At:
Fiscal Details:
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source of funding: N/A |
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current f/y cost: N/A |
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budget clarification: N/A |
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annual recurring cost: N/A |
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budgeted in current f/y (if no, please describe): N/A |
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revenue agreement: N/A |
AGREEMENT/RESOLUTION/ORDINANCE APPROVED BY COUNTY COUNSEL: Yes
CEO Liaison: Executive Office
CEO Review: Yes
CEO Comments:
FOR COB USE ONLY
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Executed By: Atlas Pearson, Senior Deputy Clerk |
Final Status: Adopted |
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Date: June 24, 2025 |
Executed Item Type: Resolution |
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Number: 25-106 |
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