Hi Seth,
Following along with interest! We're currently refreshing our property administration policy, with a particular focus on two areas: capital construction projects and collectively material purchases. Both tend to require more judgment than a straightforward equipment purchase, so we're working to build out clearer internal guidance.
We're also in the middle of an asset management system transition, which has been a great opportunity to revisit and sharpen our classifications.
We're a public university and part of a larger state system, so we're navigating both GASB and GAAP requirements - would be especially interested in hearing from others in a similar situation. Thanks for starting the conversation!
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Kelsey Edwards
Accountant
California State University, Humboldt
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Original Message:
Sent: 04-09-2026 06:00 PM
From: Seth Carter
Subject: Looking for Peer Input: Building a New Fixed Asset Capitalization Policy
Hello,
I'm in the process of beginning to draft a comprehensive Fixed Asset Capitalization Policy for our institution, and before I get too deep into the weeds, I'd love to tap into the collective wisdom of this community. If you've built or refreshed a policy recently - or if you just enjoy a good accounting policy discussion - I'd be grateful for your insights.
Additionally, for anyone who's interested to see what other institution have put together for an entire policy, if anyone emails a copy of their fixed asset policy directly to me, I'll send you a copy of all other Fixed Asset Policies that I get. I feel like I'm asking a lot but this could be a great opportunity for any other aspiring accountants out there that want to really immerse themselves into the details like I do.
Thanks everyone for your time!
Seth
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Seth Carter
Accountant/AP Supervisor
Grinnell College
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