Capital Budgeting

Temple University invests significantly in its physical plant through the construction of new buildings, programmatic renovations and an active renewal program of major maintenance and other annual initiatives. The project plans referenced in Temple 20/20: A Framework for Campus Development will result in capital investments exceeding $1 billion over the next ten years.  Recently completed projects (Pearson and McGonigle Halls, Montgomery Parking Garage, Architecture Building, Edberg-Olson Hall) will soon be joined by projects currently underway (Morgan Hall Residential Complex, Science Education And Research Center) and projects in planning (new University Library,  Campus Quadrangle). The significant magnitude of the University’s capital investments calls for greater focus on planning capital outlays as well as accounting for funds invested.

Capital Budgeting and Reporting is responsible for the oversight and financial management of capital planning at all domestic campuses, including major capital projects, the preparation and monitoring of the five year capital plan, developing and maintaining appropriate capital budget policies and procedures, overseeing and controlling the budget and expenditures of the Plant Development Fund (PDF),  coordinating/supporting project closeout, and managing the Capital Expenditure Request (CER) process. With respect to the latter responsibility, CERs are reviewed by the Capital Project Advisory Group (CPAG) to ensure that all required elements are addressed and completed, a funding source/plan is identified and in place and, if the subject project is not included in the annual Plant Development Fund (PDF) plan or the multi-year capital budget, that a clear rationale for advancing the project is included.