When equipment funds are used as part of a project that will be capitalized, that portion of the cost that meets the definition of equipment* may be funded from fund group 7B, UCONN 2000 Capital Equipment bond funds.
Split code the cost between the Ledger 7 Capital Equipment bond fund account for equipment expenses and for non-equipment expenses use the UITS Project account.
For the portion of the cost that is equipment, those items whose subcode begins with a ‘9’, the charge is made to the ledger 7 Capital Equipment bond fund account. That portion of the cost that is not equipment is coded to the UITS Project account (or a ledger 4 or ledger 7 account).
*Equipment must meet the following definition (as of 6/2008): an item costing $1,000 or MORE with a useful life of over one year. Books, with the exception of University Library books, are categorized as commodities. Items which do not meet this definition of equipment, must be properly categorized, usually as a commodity. UCONN 2000 Capital Equipment bond funds may not be used for this purpose.
Updated: 7/28/08