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<br />. Swimming pools <br />.. Tennis and basketball courts <br />e Fountains <br />. Retaining walls <br />. Outdoor lighting <br /> <br />Infrastructure <br /> <br />. Streets, including curb and gutter <br />. Parking lots <br />. Sidewalks <br />. Sewer disposal system - sanitary, storm <br />. Pedestrian bridges <br />. Dams <br />. Paved trails <br /> <br />10. Improvements <br /> <br />Capital asset improvement costs should be capitalized if: <br /> <br />a. The costs exceed the capitalization thresholds, and <br />b. One of the following criteria is met: <br /> <br />25 years <br />25 years <br />20 years <br />20 years <br />20 years <br /> <br />25 years <br />25 years <br />25 years <br />50 years <br />30 years <br />50 years <br />25 years <br /> <br />. The value of the asset or estimated life is increased by 25% <br />of the original cost or life period, or <br />. The cost results in an increase in the capacity ofthe asset, <br />or <br />. The efficiency ofthe asset is increased by more than 10%. <br /> <br />Otherwise, the cost should be recorded as a repair and maintenance <br />expense within the appropriate expense function. <br /> <br />11. Capitalization Thresholds <br /> <br />For financial statement purposes, the following capitalization thresholds <br />are established for each capital asset category: <br /> <br />Land/land improvements $ 5,000 <br />Other improvements $ 5,000 <br />Buildings and building improvements $ 5,000 <br />Machinery and equipment $ 5,000 <br />Vehicles $ 5,000. <br />Infrastructure .. $ 50,000 <br />Other assets $ 5,000 <br /> <br />8 <br />