This directive establishes the proper methods of accounting for construction and renovation projects. All projects require a unique project to track associated transactions. Construction Accounting will request the appropriate project and handle all accounting transactions for the projects they manage.
Expenditures for capital projects must be recorded in one of the university capital projects funds. See Fund Groups and Definitions for more information.
To ensure unexpended resources derived from various sources to finance the acquisition, construction, or renewal and replacement of long-lasting plant assets and the associated liabilities are accurately accounted for.
All University Departments.