Quick Guide to Capital Thresholds_HandoutVillage of North Palm Beach
Quick Guide to Capital Thresholds
Category
Threshold
Example
Land Improvement
$ 25,000.00
driveways, sidewalks, parking lots, flagpoles, retaining walls, fencing, outdoor lighting,
pool improvements, sink hole, parking lot, asphalt overlays, dry storage construction,
marina pathways, park resurfacing.
Building
$ 50,000.00
buildings, small outside structures (shed, shade structure).
Note: Buildings include roofs & A/C which should be recorded separately if significant
since they have different useful lives
Building Improvements
$ 50,000.00
A /C, flooring, cabinetry, roofing projects, major energy conservation projects,
remodeling & replacing major building components
Vehicles
$ 5,000.00
vehicles, boats, trailers
Machinery & Equipment
$ 5,000.00
furniture, machinery & equipment, computers (individual or aggregate depends on
materiality and significance)
Infrastructure
$ 250,000.00
roads, bridges, tunnels, drainage systems, water systems, dams
Intangible Asset
easements, land use rights (i.e. water rights), patents, trademarks & copyrights
Internally Generated Software
$ 100,000.00
Purchased Software
$ 25,000.00
Easements
$ 5,000.00