Fiscal Operations Manual
Section 600: Plant Funds and Fixed Assets
Effective: 01/01/2003
Revised: 09/16/2015



Please see current Fiscal Policy Manual for current policies


Land/Easements & Right of Ways are capitalized regardless of amount.

Library Special Collections

Library special collections are library holdings normally considered inexhaustible and accounted for like works of art or historical treasures.  They are held for public exhibition, education.  They are protected, cared for, and preserved.  They must be capitalized when the total cost of the collection is equal or greater than $5,000. However, they do not depreciate.


$100,000 or more are capitalized.

Building Improvements

$100,000 or more are capitalized.

Improvements other than Buildings (IOTB’s)

$50,000 or more are capitalized.
If this real property is included as part of new building construction, then a separate plant fund is not needed.  However, use of the 40401 account code is required.

Land Improvements

Must have a value of $100,000 or more to be capitalized.


Infrastructure assets are long-lived capital assets that are part of a network of assets that can have service potential for an extended period, and that are normally stationary.  In order to be capitalized they must have a value of $50,000 or more.