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Capital Budget Policy


    Policy Statement
    In accordance with Board of Regents policy, it is the policy of the University of Georgia to establish a capital budget separate from the regular operating budget of the University. All capital outlay projects will be accounted for in this budget as separate line items.
    Reason for policy

    This policy provides guidance for the establishment of budgets for capital projects.

    Procedures
    Forms/Instructions

    There are no forms associated with this policy.

    Additional contacts

    Policy Contact:  University Budget Office

    Phone Number: 706-542-2802

    Email:  budgets@uga.edu

    Policy definitions
    Capital Budget - A budget established to account for funds used in the acquisition, construction, renewal or replacement of new or existing physical properties or land. Each capital outlay project is budgeted as a line item and must be accounted for separately.
    Responsibilities

    Responsible University Senior Administrator:  Vice President for Finance & Administration

    Responsible University Administrator: Senior Associate Vice President for Finance & Administration

    Policy Owner: Budget Division

    Policy Contact:  University Budget Office

    Phone Number: 706-542-2802

    Email:  budgets@uga.edu

    Record Retention

    Description:  This series includes: operating budget expense by categories and functions report; estimated gifts, grants, contracts and clearing account summary report; student fee income and application of funds report; statewide public service source and application of funds; other reports specified by the Chancellor's Office; and institutional budget preparation instructions.

    Retention:  Annual operating budget: PERMANENT; All other records: 7 years.

    Policy Appendices

    There are no appendices associated with this policy.

    FAQs

    There are no FAQ's associated with this policy.