Iowa Admin. Code r. 11-110.3
Personal property may be accounted for in aggregate. If accounting in aggregate as defined in 110.2(2), one item or component of the item shall be tagged with a prenumbered tag and all other items or components marked with an unnumbered tag or other identifiable markings.
Any item that is accounted for in the aggregate whose individual values are less than $5000 will not be included in the Iowa Annual Comprehensive Financial Report (ACFR), even if the amount in the aggregate exceeds the minimum level for capitalization. If a department chooses to account for items in aggregate, or report items at a level that is more restrictive than $5000, then the department must recognize that these items will be reconciling items when reporting for the ACFR.
To ensure proper accountability for these items, each department will prepare written policies and procedures for tracking and recording items accounted for in aggregate.
Iowa Admin. Code r. 11-110.3