The SNRHA Capitalization Policy establishes the framework for identifying, recording, and managing capital assets within our Housing Authority. This policy is designed to ensure that all capital expenditures are accurately classified and tracked in accordance with accounting standards and regulatory requirements. By defining capitalization thresholds and providing guidelines for asset valuation and depreciation, we aim to maintain financial integrity and transparency in our financial reporting. Our commitment to effective capitalization practices not only enhances our operational efficiency but also supports strategic decision-making and resource allocation, ultimately contributing to our mission of providing affordable housing and improving the quality of life for our residents.
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