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Policy: XIII.D.2x (inactive)

Issued: February 9, 1994

Owner: Chief Facilities Officer

Latest Revision:

FACILITIES MANAGEMENT - CAPITAL BUDGET PROGRAM


**INACTIVE POLICY**

For Current Policies:
Policy Table of Contents

 

This policy has been replaced and migrated to the standardized format.
See
https://policy.itc.virginia.edu/policy/policydisplay?id=FIN-022

1.0 Purpose

This policy describes the general guidelines for Facilities Management's Capital Budget Program.

2.0 Policy [Top]

Along with affected departments, Facilities Management develops the details of the University's capital budget program for the construction, renovation, improvement, or repair of buildings and facilities. The Senior Cabinet has final approving authority over the capital budget program.

See also:

Policy III.A.1, "Budgeting and Budgeting Process."

Capital budget programs are developed on a biennial basis to submit to the General Assembly during even-year sessions. Included are one-time, non-recurring (project oriented) expenses associated with property, plant, and equipment. Each capital project proposed requires detailed justification and study for projects proposed for the forthcoming biennium. There are two submissions associated with capital projects as follows:

3.0 Definitions [Top]

4.0 References [Top]

5.0 Approvals and Revisions [Top]

This policy has been replaced by Oversight of University Operating and Capital Budgets and Long-term Financial Plans on 6/8/09.


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