Purpose

Identify Funding Source for Capital projects.

Responsibility

Projects on the Capital Forecast and Annual Capital Budget will have funding sources approved by the Infrastructure Work Group (IWG).  This includes almost all bond funded projects including OSU issued bonds. 

Capital Improvements and Renewal projects are funded by state issued bonds.  Projects requesting state issued bonds are prioritized by IWG and authorized by Capital Planning

Projects using Internal Bank Loans must have approval from the Associate Vice President for Finance and Administration.  Interest on Internal Bank Loans are a project cost that the Project Manager (PM) must include in the project budget. 

Funding for department sponsored projects are provided by departments requesting projects and are used to confirm that there is adequate funding to complete the project.

The PM is responsible for determining the funding sources from the Project Sponsor and communicating that source on the Project Agreement.

Timeframe

A funding source is determined when the project is requested by the department and when a Project Agreement is executed.  Capital Accounting allocates funding sources in e-Builder.

Process

The department requesting the project will provide the funding source to be used to pay for the project including all construction costs and soft costs.  The funding source will be documented on the Project Agreement and in e-Builder.

Funding Sources that are used include:

  • Plant Fund Indexes – begin with ZAR and are created for capitalization purposes
  • Building Use Credits – must have a BUC authorization letter
  • Operating Indexes – usually begin with the department abbreviation ie. QCP, MHD, YIA