604 OUS Assessments on Capital Projects
Fiscal Operations Manual
Section 600: Plant Funds and Fixed Assets
OUS assesses a .1% fee on any legislatively approved project with a budget that exceeds $10,000. For Plant Funds, the project code is found in the grant code field. Any project beginning with 958xxx, 959xxx, 960xxx, 961xxx, etc. IS legislatively approved. Any project beginning with 900xxx is NOT legislatively approved. The capital projects assessment fee reimburses the Controller’s office for some of the expense related to the work they perform for the institutions on the building projects. Account codes 40318, 40418, 40518, 40718 and 28103 are used for this charge.