TO: BOARD OF SUPERVISORS
FROM: Executive Office
MEETING DATE: June 24, 2025
DEPARTMENT CONTACT:
Tony Rakes
PHONE:
707-463-4441
DEPARTMENT CONTACT:
Jesica Sandoval
PHONE:
707-463-4441
ITEM TYPE: Consent Agenda
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
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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.
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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:
SOURCE OF FUNDING: N/A
CURRENT F/Y COST: N/A
BUDGET CLARIFICATION: N/A
ANNUAL RECURRING COST: N/A
BUDGETED IN CURRENT F/Y (IF NO, PLEASE DESCRIBE): N/A
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
Executed By: Atlas Pears...
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