Plant Funds

The Plant Funds department is divided into three sections of accounting and financial reporting responsibility: Plant Fund, Endowments, and Self Insurance Reserve Fund.

Basic functions of Plant Funds include:

  • construction/renovation,
  • investments,
  • debt, and
  • capital appropriatations.

Construction/Renovation

The term "plant fund" is synonymous with fixed assets or physical plant assets. All university capital purchases, as well as major construction and renovation expenditures, are recorded and monitored in the Plant Fund department. Special indexes are established, called "projects", where activities for the various capital expenditures take place. Projects are usually established when capital activity is expected to exceed any fiscal year.

Request to Establish a University Fund

Use the Request to Establish Plant Fund [PDF] to establish a univeristy fund (capital project).

Investments

One of the basic functions of the Plant Fund department is to monitor and analyze all university investment activity. In addition, accrued interest and discount and premium for each marketable security is calculated and recorded. In some instances, as with the case of Pooled Investments and Endowments Funds, the interest earned is distributed to over 203 or more participants.

Debt

Debt is another basic function of the Plant Fund department. All university debt is monitored and analyzed by issue. In addition, internal debt service repayments from the units, as well as external debt service payments to the bondholders, are coordinated through this office. Department Deposit Form [Editable PDF].

Capital Appropriations

The university receives state appropriations and awards for major construction/renovation and CRR projects (capital, replacement & renewal). Funding and expenditures are monitored and periodically drawn down from the state's various agencies to reimburse the university.