Project and Capitalization Accounting is responsible for preparing financial statements and project reports, monitoring capital expenditures, and ensuring compliance with the University’s fiscal policies and procedures related to capital projects at the Storrs and Regional Campuses and UCONN 2000 funded projects at UConn Health. Capital projects include new construction, major renovations, improvements, and large-scale deferred maintenance projects. Projects may be funded using bond funds, departmental funds, donations, gifts, grants and federal funding. We also perform the financial prequalification of contractors on large construction projects, and review and approve project-related purchase orders, change orders, and invoices for compliance with fiscal and capital projects policies and procedures.
Project and Capitalization Accounting is also responsible for the reconciliation, capitalization, tracking, and reporting of capital assets including land, buildings and improvements, nonstructural improvements, construction in progress, library materials, and art and historical collections as well as intangible assets and right-to-use assets. Right-to-use assets include building and equipment leases and subscription assets. We are responsible for the preparation of the annual CO-59, various Town of Mansfield reports, Board of Trustees reports, surveys, and fulfilling ad-hoc requests as required.
We work closely with University Planning, Design and Construction (UPDC), Facilities Operations, University Procurement, Treasury Services, Budget and Planning, and other University departments.
Project and Capitalization Accounting Staff
Capital Projects Policies and Procedures Manual Finance.pdf