Loyola University Chicago

University Policies

Budgeting

Financial Policies

Policy NameDescriptionCompliance DriverApplicabilityLast Review

Capital Expenditure Policy

Capital budgeting at Loyola University Chicago requires advanced planning and management approval to ensure that projects are properly evaluated and prioritized and consistent with the university’s strategic vision and campus master plan.

Capital Planning Committee: This committee will consist primarily of the Budget Review Team (President, Provost, Associate Provost, VP of Strategic Capital Planning, VP of Finance, VP of Human Resources, Director of University Budgeting & Financial Analysis, VP of Facilities).

This procedure applies to all construction, capital improvements, major equipment purchases and other special projects requiring one or more expenditures totaling $25,000 or more.

04/14/2010

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