The University Capital Budget Process is used to identify, assess, and plan for the capital needs of the institution and fully supports the overall objectives and goals of the Five-Year Financial Plan. This process provides a basis for determining alternative sources of funding, a framework for assessing the impact of new capital expenditures on the operating budget, as well as providing a system for accounting for the capital resources of the institution.
The Budget and Financial Planning Office has a variety of responsibilities related to capital budgeting including:
- Coordination and review of the university capital and debt plan as part of the university's five-year rolling financial plan for capital activity.
- Oversight and review of project funding and use of debt financing for all capital projects.
- Coordination of the capital funding and priorities with the Capital Allocation Committee (CAC), which reviews and approves all capital projects with a project budget of $200,000 or greater.
- The University’s primary tool for managing Capital budgets is Rubix. If you are a Capital budgeter for your department and do not know how to access the system please contact your capital budget analyst.