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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Capital Assets

Capitalization Thresholds

Standard capitalization thresholds for capitalizing assets were established for each major class of assets. All agencies are required to use these thresholds.

Class of Asset Threshold
Land/Land Improvements Ø (zero)
Infrastructure, Non-Depreciable Ø (zero)
Construction in Progress Ø (zero)
Buildings/Building Improvements $100,000
Facilities & Other Improvements $100,000
Infrastructure, Depreciable $500,000
Furniture & Equipment/Vehicles, Boats and Aircraft $5,000
Other Capital Assets – Livestock $5,000
Library Books/Materials (collections) Various
Works of Art/Historical Treasures Ø (zero)
Leasehold Improvements $100,000
Internally Generated Computer Software $1,000,000
Other Computer Software $ 100,000
Land Use Rights – Permanent Ø (zero)
Land Use Rights – Term $ 100,000
Other Intangible Capital Assets $ 100,000

For more information on capitalization threshholds, see SPA Process User’s Guide – Appendix A – Class Codes.

Glenn Hegar
Texas Comptroller of Public Accounts
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