Section 800: Financial Affairs

Effective: December 2, 1999
Revised: October 1, 2007
Review Date: October 9, 2007
Responsible Party: Vice Chancellor for Finance, Administration & Student Affair


Capital budgets are for purchase of Major Equipment. "Major Equipment" is defined as follows and must meet all four criteria:

  • A normal useful life of one year or more.
  • An identity which does not change with use.
  • A unit of property that is identifiable and separately accounted for.
  • A unit cost of $5000 or more. (Books purchased for the Library are excluded.)

All requests for purchases within this category must be approved by the Vice Chancellor of Administration, Finance/Student Affairs.