[LIBRARYDIR] Capitalized assets what?!

[North, Sarah]

“our budget office said library books are only a capitalized asset if an individual item or set of items costs over $5000, so our college is assuming that library goods are not a capitalized asset.” This is true for our institution as well.

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Sarah E. North, MLIS, Ed.S
Director for Library Services
Direct: 509.542.4894, x2294
Main: 509.542.4887, x2287
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From: LIBRARYDIR <librarydir-bounces at lists.ctc.edu> On Behalf Of Claire Murata via LIBRARYDIR
Sent: Wednesday, November 23, 2022 10:10 AM
To: WACTC Library Directors <librarydir at lists.ctc.edu>
Cc: Claire Murata <claire.murata at edmonds.edu>
Subject: Re: [LIBRARYDIR] Capitalized assets what?!

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Hi all,

Thank you for these! I would love to hear other college practices if you have a chance!

Claire Murata, MLIS
Associate Dean, Library and Learning Resources
20000 68th Ave. W., Lynnwood WA 98036 | edmonds.edu<http://edmonds.edu>
claire.murata at edmonds.edu<mailto:claire.murata at edmonds.edu> | (425) 640-1522

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On Wed, Nov 23, 2022 at 10:06 AM Jacot, Jaclyn via LIBRARYDIR <librarydir at lists.ctc.edu<mailto:librarydir at lists.ctc.edu>> wrote:
Hi Claire, our budget office said library books are only a capitalized asset if an individual item or set of items costs over $5000, so our college is assuming that library goods are not a capitalized asset.

Curious to hear what others have heard.


Jaclyn Jacot

Dean of Extended Learning and Workforce Initiatives

Spokane Community College
509-533-8235
________________________________
From: LIBRARYDIR <librarydir-bounces at lists.ctc.edu<mailto:librarydir-bounces at lists.ctc.edu>> on behalf of Claire Murata via LIBRARYDIR <librarydir at lists.ctc.edu<mailto:librarydir at lists.ctc.edu>>
Sent: Tuesday, November 22, 2022 3:38 PM
To: WACTC Library Directors <librarydir at lists.ctc.edu<mailto:librarydir at lists.ctc.edu>>
Cc: Claire Murata <claire.murata at edmonds.edu<mailto:claire.murata at edmonds.edu>>
Subject: [LIBRARYDIR] Capitalized assets what?!

Hi all,

Now that I know that most of you are open tomorrow, I feel emboldened to ask whether you have been asked whether library books are a capitalized asset. Are they? Does this sound familiar to anyone? Thanks! Claire

Claire Murata, MLIS
Associate Dean, Library and Learning Resources
20000 68th Ave. W., Lynnwood WA 98036 | edmonds.edu<https://nam10.safelinks.protection.outlook.com/?url=http%3A%2F%2Fedmonds.edu%2F&data=05%7C01%7Cjaclyn.jacot%40scc.spokane.edu%7Cfc6937429b6f470efc7508dacce2c4ef%7C4dedfefa6bd04442a06c98aed0b4b8da%7C1%7C0%7C638047571584750750%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=M2amqrNLwxWfFCnoq%2FyLkeUbt08zlqOmtNimzzHX3MU%3D&reserved=0>
claire.murata at edmonds.edu<mailto:claire.murata at edmonds.edu> | (425) 640-1522

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