FAQ - Plant Funds and Property Management

  1. What is a Capital Project?
  2. How do I open a Plant Fund account?
  3. What happens to the funds I commit for the project?
  4. What expense natural account can I use for Plant Fund accounts (7-7XXXX)?

1. What is a Capital Project?
A capital project is defined as any non-recurring expenditure for the acquisition, construction, or improvement of a facility.

Capital projects fall into the following captegories:

  • Construction of a new facility, or replacement, enlargement, or renovation of an existing facility.
  • Compliance and environmental projects whose purpose is to comply with federal, state, or municipal regulations to provide a healthy and safe environment for students, employees, or the public.
  • Infrastructure improvements that would include the delivery of utilities, energy efficiency improvements, construction and repairs of roads, parking lots and sidewalks, and landscape and grounds improvements.
  • Preservation and deferred maintenance projects that are intended to repair, preserve, and maintain facilities, buildings, and equipment for their intended use.
  • Acquisition of land or the acquisition of a facility, or the right-of-way.

2. How do I open a Plant Fund account?
Generally, Plant Fund accounts are opened when a capital project is approved by University Facilities and Capital Planning. Departments in Camden, Newark, New Brunswick, and Piscataway who want capital projects in place should contact University Facilities and Capital Planning. Use the PDF request form to establish a Plant Fund.

3. What happens to the funds I commit for the project?
Funds committed for the project are held in a Plant Fund, 7-7XXXX account, at the inception of the project. These funds are expended as construction expenditures are incurred. Once the project team leader has finalized and verified the construction project as completed, any excess funds are returned to the originating source.

4. What expense natural account can I use for Plant Fund accounts (7-7XXXX)?
There are only two expense natural accounts allowed for Plant Fund accounts:

  1. Use 75000 for equipment purchases.
  2. Use 75100 for everything else.

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