Capital Management

Staff work in conjunction with other College departments to fulfill Capital Management objectives:

1. Accumulating information from Facilities Operations and Facilities Planning to construct capital plans for near-term and future projects including costs, proposed financing and funding, and gift expectations;
2. Compiling reports and other presentations regarding projects;
3. Constructing the annual capital budget to augment the College’s operating budget process;
4. Evaluating whether the costs of a project are capitalized or expensed; and
5. Regularly inventory the College’s fixed assets.

If a department is contemplating a purchase, please visit the Purchasing Services web page (http://purchasing.lafayette.edu/) to become familiar with purchasing policies and procedures.  Moveable equipment valued at or more than $5,000 should be purchased through the capital project process referenced in the following paragraph.

If a department is contemplating a project that enhances or creates a College asset such as buildings or equipment, please visit the Facilities Planning and Construction web page (http://facilitiesplanning.lafayette.edu/about/) for instructions on submitting a project. Moveable equipment valued at or more than $5,000 should be purchased through the capital project process.  All requests for renovations should also follow this process.  New construction is evaluated on a case-by-case basis