![]() The department identifies funding options and ensures that projects comply with University policies and Massachusetts law, as well as working together with the Commonwealth’s Division of Capital Asset Management to program renovation and construction activity supported by state funding. While regular repairs and maintenance are budgeted for under operating, the capital budget plans for major rehabilitation, replacement and new capital assets. Capital Budget Link Service Area Summary General Fund Supported Projects General Fund Sapital Set-Aside Projects Cost Summary Funding Summary Geographic. Preparing capital agenda items for the president and Board of Trustees.Advocating to Commonwealth capital planning agencies for project support.Developing capital policies and processes.An Online Capital Project Questionnaire for each project. A Capital Spending Request Form for each project and, 5. ![]() A Preventive Maintenance Spending Plan, 4. A Capital Transmittal/Overview Letter, 3. Collaborating with the UMass Building Authority to program campus projects A Capital Master Plan & Forecast per facility or campus, 2.The Budget Office manages the review and approval processes for capital projects funded from government sources, debt, or operating funds. It serves as a central point of coordination for the Commonwealth, the University’s five campuses, and the Board of Trustees on issues related to the development, coordination, and funding of capital improvement projects.īiennially, the University updates it’s five-year capital plan to ensure sound management and upkeep of its capital assets, and to align capital spending with the University’s strategic priorities. Departmental responsibilities include:
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