The University of Chicago

Financial Services


Accounting for Construction and Renovation Projects

All expenses related to new construction or renovation projects with a cost of $100,000 or more and all acquisitions of land and building must be accounted for in Plant Funds - Ledger 8 accounts. Capital Asset Accounting (CAA) oversees the account creation and maintenance of Ledger 8 accounts, and is responsible for the management of the capitalization and depreciation processes associated to University capital projects.

Account create and maintenance:

Capitalization and Depreciation: