Purpose: To provide information on workflow, roles and accounting for capital construction projects (capitalizable costs of $75k+) on our campus.
Capital construction projects require multiple departments to work together to successfully complete a project on time, on budget and meet the reporting requirements (GASB, GAAP, State of Colorado, Colorado Commission on Higher Education, Legislature’s Capital Development Committee, and CU). These guidelines are in addition to any departmental procedures in place to ensure best practices are followed to get the best results from our substantial campus investments in buildings and improvements.
Staff involved with capital construction projects are responsible for knowing and complying with the areas of this chapter where they are accountable. Departments are responsible for keeping staff informed of proper procedures and including CCO in any changes in procedures outlined here. CCO is responsible for updating departments on any changes from external authorities.