Board Financial Directive Capitalization

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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)