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Capital Projects

Capital projects refer to all construction, renovation, improvement, fabrication, and customization projects where capital costs are greater than or equal to $25,000, and non-operating repairs and maintenance funded by long-term maintenance reserves. The policies, forms, and training included here will assist you with setting up a capital project, understanding capital and non-capital costs, choosing the correct natural class, budgeting and recording costs, and componentizing projects that are in use.

Capital projects include: new construction; renovations and additions to existing structures; improvements that correct inadequacies, extend the life, or change the use of existing space or systems; fabricating equipment; and customizing software.

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Last Updated: 10/2/12