Title: Repairs and Capital Improvements | Accounting Office | NDSU
Headings: Repairs and Capital Improvements
Repairs and Capital Improvements
Early Classification
Project Startup
Repairs vs Capital Improvements
Fund and Project Accounting
Minor Remodeling Projects
Construction Project Numbers and Funds
State Appropriations:
University Appropriations
Other Appropriations
Local Funds:
Account Codes
Codes for Capitalized Costs:
Codes for Repair Costs:
Equipment vs Building Improvements
Department Accounting Responsibilities
Program Codes

Content: Repairs and Capital Improvements | Accounting Office | NDSU
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Repairs and Capital Improvements
Introduction
Early Classification
Project Startup
Repairs vs Capital Improvements
Fund and Project Accounting
Minor Remodeling Projects
Construction Project Numbers and Funds
Account Codes
Equipment vs Building Improvements
Department Accounting Responsibilities
Program Codes
NDSU must properly account for capital improvement projects: ( 1) to maintain accurate reporting for the State Board of Higher Education, (2) meet audit requirements for financial reporting purposes, and (3) for NDSU management information purposes. This document is intended to provide guidance to NDSU for achieving a proper accounting of repair and capital improvement projects. This document includes a description of the general process; definitions and guidance to help assign costs to funds, project numbers, programs, and account numbers; and identification of specific department responsibilities. At the end of the document are the North Dakota State Board of Higher Education Policies and Procedures related to capital improvements. When the term “project” or “projects” is used in this document, we are referring to the job or work performed. The term “project number” will be used when referring to the Oracle/PeopleSoft project number.