What does raising the capitalization threshold to $5,000 mean?

Items costing $5,000 or more will be recorded as county fixed assets rather than expenses.

When does this ordinance take effect?

The ordinance takes effect 30 days after passage, from the May 1, 2026 date.

Will existing county policies change because of this ordinance?

Yes; any ordinance or resolution that conflicts is amended to conform to the $5,000 threshold.

Ordinance — Mississippi County

Official courthouse record · Indexed in NoticeRegistry archive · AI-enriched for research

Affects:Government AgenciesGeneral Public

Mississippi County Quorum Court raises the capitalization threshold for fixed assets from the prior amount to $5,000.00, changing when county expenditures are recorded as capital assets under accounting rules. The amendment takes effect 30 days after passage.

Key Takeaways

Capitalization threshold increased to $5,000.00
Applies to fixed asset accounting for Mississippi County
Conflicting ordinances or resolutions amended accordingly
Ordinance takes effect 30 days after passage (May 1, 2026)

Published: May 16, 2026 · 5 days ago
Category: Ordinance
City: Mississippi County

Research context

4 ordinance notices in Mississippi County (last 12 months)

What to do next

1
Update county asset policy
Finance department should revise capitalization policies and internal manuals to reflect the $5,000 threshold effective 30 days from May 1, 2026.
2
Train staff on new threshold
Notify purchasing and accounting staff and provide training on recording purchases costing $5,000 or more as fixed assets after the effective date.
3
Review pending purchases
Assess purchases around the threshold before the effective date to determine recording treatment under the previous policy.

Frequently asked questions

What does raising the capitalization threshold to $5,000 mean?: Items costing $5,000 or more will be recorded as county fixed assets rather than expenses.
When does this ordinance take effect?: The ordinance takes effect 30 days after passage, from the May 1, 2026 date.
Will existing county policies change because of this ordinance?: Yes; any ordinance or resolution that conflicts is amended to conform to the $5,000 threshold.

The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.

Legal terms in this notice

capitalization threshold: The minimum dollar amount at which a purchase is recorded as an asset instead of an expense.
fixed asset: A long-term tangible item owned by the county, like equipment or buildings.
generally accepted accounting principles: Standard rules accountants use to record and report financial transactions.

Full Notice Text

MISSISSIPPI COUNTY QUORUM COURT
ORDINANCE NO. O-2026-17
AN ORDINANCE TO AMEND THE THRESHOLD FOR THE FIXED ASSET
VALUATION LIMIT TO $5,000.00; AND FOR OTHER PURPOSES
WHEREAS, There is a need to amend the threshold that dictates when
expenditures should be capitalized as an asset of the County in accordance
with generally accepted accounting principles; and
WHEREAS, the Mississippi County Quorum Court desires to amend the
minimum dollar amount of $5,000.00 for the capitalization of an asset of
Mississippi County; and
WHEREAS, the Finance Committee has approved this amendment
NOW, THEREFORE, be it enacted by the Quorum Court of Mississippi
County, Arkansas, that:
1. The capitalization threshold is hereby raised to $5,000.00 for fixed assets.
2. Any Ordinance or Resolution in conflict herewith is hereby amended to the
extent of the conflict.
3. This Ordinance shall take affect 30 days from its passage and approval.
DATE: May 1, 2026 APPROVED:
_____________________________

Related Notices

Notice

DateCategoryCity

Mississippi County Quorum Court adopted Ordinance O-2026-16 to update and incorporate revisions to the county Employment Policies and Procedures Handbook, as detailed in an attached Exhibit A. The ordinance replaces conflicting prior policy provisions.

May 16, 2026OrdinanceMississippi County

Mississippi County Quorum Court passed Ordinance O-2026-19 to modify and add appropriations in the county's Fiscal Year 2026 budget due to changes from the 2025 carryover balance. Exhibit A lists the specific budget adjustments approved by the Finance Committee.

May 16, 2026OrdinanceMississippi County

The Mississippi County Quorum Court proposes Ordinance O-2026-20 to adjust 2025 county budget appropriations and revenues, authorizing supplemental funding changes across county departments to cover operating expenses for the 2025 fiscal year.

May 16, 2026OrdinanceMississippi County