Res 2024-15 Adopting Updated Capital Asset PolicyCITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2024-15
A RESOLUTION ADOPTING AN UPDATED CAPITAL ASSET POLICY
WHEREAS, the city adopted a capital asset policy in December of 2004
and it was updated in June 2011; and
WHEREAS, the capital asset policy has been updated in April 2024; and
WHEREAS, the revised policy raises the threshold for capitalization from
$5,000 to $25,000 for purchases made after January 1, 2023,
NOW, THEREFORE, BE IT RESOLVED, that the Mendota Heights City
Council adopts the attached Capital Asset Policy retroactively to January 1, 2023.
Adopted by the City Council of the City of Mendota Heights this 16th day of April
2024,
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
Stephanie B. Levine, Mayor
ATTEST:
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N ncy B uer, City Clerk