Financial Services Manual (FIN)

Effective: 2/27/1986

Revised: 3/1/2005

FIN 115: Plant Fund Recoupment

Purpose

To recover unexpended or uncommitted funds budgeted for plant projects

Source

University policy

Policy

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General

Budgeted plant project funds that are not committed to active projects by December 31 of each year are recovered and transferred to a presidential pool for reallocation.

The recovery of funds occurs following a review of all existing plant fund projects by the Capital Programs Management Group (CPMG), Financial Services, and representatives from areas of the provost/vice provost/vice president.

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Requests for Cost Estimates

All requests for cost estimates must be received by CPMG by November 30 in order for CPMG to meet the December 31 deadline.

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Responsibility of Org Managers

Org managers are responsible for initiating project activity and assuring—with assistance from CPMG—that projects move forward with expediency.

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