How do you determine if a project falls under regular maintenance that would come from the operating budget and a project that would be paid for by capital funds?
The official definition for projects from the operations and maintenance budget denotes that these are projects for building purposes and site acquisitions that do not exceed 5 percent of equalized assessed valuation. In simpler terms, routine maintenance would come from the operating budget, while large maintenance/renovation projects, such as complete roof replacements, would come from capital funds.
Related Questions
- Will GUI CM004 (Project Code Maintenance screen) and FM066 (Budget Operating Plan (BOP) screen) in CFS replace the annual title file process?
- Aren’t these physical improvements really maintenance items that should be paid for from the operating budget?
- What is the difference between our operating budget and our capital reserve account?
