Capital Definition
2008/09 Budget
The capital threshold limits have not increased/changed. The limits are the same as the 2007-2008 budget process. Some terminology has been updated.
Computer Capital - $5,000 Threshold:
- Computer capital is for computer items that are
above $5,000 that are not covered under the College's renewal program. If you
have a question about computer coverage for your area, please call ITS @ 4-1000,
or access the information at ITS Technology Renewal site.
Regular Capital - $2,000 Threshold:
- Any single piece of non-computer equipment purchased costing more than
the $2,000 threshold amount.
- A combination of non-computer items (components) totaling more than $2,000, which are necessary to make a single piece of equipment that has a specific purpose.
Small Equipment - Single items that fall under $2,000 Threshold:
- Requests for equipment costing less than $2000 or computer equipment costing less than $5,000. Departments submit requests for these funds at the divisional level since Deans and Vice Presidents are allotted funds for such purposes.