Board Financial Directive Capitalization
(Back to Faulkton Area School Policies)
Fixed Asset Dollar amounts as set by the Faulkton Area Schools Board of Education include:
Land: All land purchases
Improvement to Buildings: $15,000 or greater amount
Buildings and Structures: $50,000 or greater amount
Machinery and Equipment: $5,000 or greater amount per item.
Food Service: $500 or greater amount per item (May, 2013)