To ensure the appropriate accounting for projects, it is important that considerations made to determine if project is Capital or not. To aid departments and units in making these determinations a detailed guidance document has been added to the B&F website.
For Capitalizable Building Improvements to qualify for capitalization, project expenditures must exceed $100,000 (excluding moveable equipment, which is capitalized separately) and represent significant alterations, renovations, or structural changes that increase the usefulness of the building, enhance its efficiency, or extend its original useful life. See the full post for more details, including what capitalized building projects entail.
To clarify the usage of the two project request sheets within the Project Intake and Capital Planning instance of Adaptive Planning, the Office of Technology and Digital Innovation (OTDI) will be completing the system enhancements described in this post, effective Thursday, February 15 . See the full post for more details about the renamed sheets.
In addition to the system enhancements mentioned in the " Adaptive Planning – Project Intake and Capital Planning " post, updates to the review process for projects managed in e-Builder that are requested on the All Other Projects sheet will also go into effect on Thursday, February 15 . There are no process changes to project requests on this sheet that do not need to go through e-Builder. See the full post for details about projects managed in e-Builder.
