School districts and Charter Schools are required to define and account for fixed assets in the general ledger and annual financial report (AFR). The federal and state threshold for capital assets has changed to $10,000. Did YOUR LEA change the local threshold to $10,000? Collaboration between the finance, audit, procurement and federal grant management staff is essential to ensure compliance with new asset threshold. Documentation, such as purchase documents, granting agency pre-approval and funding source(s) is essential when purchasing assets with federal grant funds. This webinar will address the different types of fixed assets and how to properly record each type of asset. In addition, other topics such as capitalization, valuation and depreciation will be discussed.
Assets Management: Purchasing & Accounting for Assets
Date/Time: Tuesday, October 7, 2025 | 10:00AM
Presenter: Rebecca Estrada, Chief Certification Officer, TASBO
CEU/CPE: 1.0
Cost: $85 Members/$160 Non-members
Target Audience: Accounting and Finance, Charter Schools, Distribution and Inventory, Internal Audit, Purchasing
About TASBO Webinars: Handouts will be distributed via email a day prior to the event. No prerequisites required to register.
Zoom: This webinar will be presented on Zoom, and you will receive a Zoom link once registration is processed