HomeMy WebLinkAboutC.054.93010_0445Facilities & Other Smprovamants
Facilities are assets (other than general use buildings) built, installed or
established to enhance the quality or facilitate the use of land for a
particular purpose.
Other Improvements are depreciable improvements made to a facility or to land
that should be capitalized as a betterment if the improvement is at the
capitalization threshold or the expenditure increases the life or value of the
asset by 25 percent of the original cost or life period.
The capitalization threshold for facilities and other improvements is $25,000.
Examples of expenditures to be capitalized as facilities and other improvements
follow:
Fencing and gates
Landscaping/sidewalks
Parking lots/driveways/parking barriers
Outside sprinkler systems
Recreation areas and athletic fields (including bleachers and
challenge course structures)
Paths and trails
septic systems
Arenas, outdoor tennis courts and basketball courts
Fountains
Pavilions and storage structures
Retaining walls
Radio transmitting towers
III. DEPRECIABLE ASSETS (6100.00)
Depreciable Assets Definition
Fixed or movable tangible assets to be used for operations, the
benefits of which extend beyond one year from date of acquisition
and rendered into service. Improvements or additions to existing
personal property that constitute a capital outlay or increase the
value or life of the asset by 25 percent of the original cost or
life should be capitalized as a betterment and recorded as an
addition of value to the existing asset.
Note: Costs of extended warranties and/or maintenance agreements,
which can be separately identified from the cost of the equipment,
should not be capitalized.
Capitalization Threshold
The capitalization threshold for depreciable assets is $5,000.
Examples of expenditures to be capitalized as depreciable assets:
Original contract or invoice price
Freight charges
Handling and storage charges
In -transit insurance charges
Installation charges
Charges for testing and preparation for use
Parts and labor associated with the construction of equipment
Computer Software and other media by which the use of such
items are necessary to operation of county administration.
County agencies will record the payment or the purchase of
computer software whose unit value cost is $5,000 or
greater and has an estimated life of more than one year.
Capitalization of computer software will include software
license fees if the total dollar amount meets the criteria
to capitalize the purchase.
works of art and historical treasures (collections or
individual items that are protected and cared for or
preserved)
Tractors, light equipment and non -licensed trailers that meet
the threshold limit
Heavy or off-road equipment used for the purpose of earth
movement or for processing/transporting solid waste.