09/16/2026
Many governments are still tracking thousands of low-cost assets that add little value to financial reporting while consuming valuable staff time. Our new Raise Your Cap Challenge encourages governments to take a fresh look at their capitalization thresholds and apply professional judgment to reduce unnecessary administrative work. Participating is easy.
1. Review your current capitalization threshold.
2. Use your analysis to evaluate whether a higher threshold makes sense.
3. Update your capitalization threshold.
4. Submit documentation showing your new threshold by January 31, 2027.
The Grand Prize: One approved entry will be selected at random to receive an all-expenses-paid trip to GFOA’s 2027 Annual Conference in New Orleans, including registration, hotel, airfare, and more. Learn more at https://www.gfoa.org/raise-your-cap-challenge.