|Title:||Capital Improvement Plan (CIP) Policy|
|Policy Owner:||Office of the Executive Vice President for Administration & Chief Financial Officer|
|Applies to:||Faculty, Staff|
|Campus Applicability:||Storrs, Regionals, and School of Law|
|Effective Date:||May 11, 2012|
|For More Information, Contact||Finance/Planning|
|Contact Information:||(860) 486-2434|
Capital Improvement Plan (CIP) Policy
REASON FOR POLICY
The University of Connecticut By-Laws indicate that the Executive Vice President for Administration and Chief Financial Officer (EVP Admin &CFO) is responsible for overseeing long-range financial planning and management of the operating and capital budgets for all units of the University. Working closely with the Provost and the other Vice Presidents, the EVP Admin & CFO oversees capital and operating budget development, monitoring and reporting; and coordinates operating and capital budgets in conformity with policies set forth by the Board of Trustees. The CIP policy ensures that these responsibilities may be accomplished.
The CIP policy applies to all faculty and staff at the Storrs, Law School and Regional Campuses.
The CIP and budget for the Storrs, Law School and Regional Campuses must be developed annually. It will identify the physical improvements necessary to maintain and upgrade the campuses, prioritize these investments, and provide a timeline for implementation. The CIP will be managed jointly by the Executive Vice President for Administration and Chief Financial Officer and the Executive Vice President and Provost.
Procedures and forms may be found at: http://finance.uconn.edu/wp-content/uploads/sites/1118/2015/08/CIP.pdf