Forms to capitalize a construction project
In order to close a project/grant in fund 80000, 80500 and 81000 an additional form is required.
Financial Operations needs to know specific information about the project in order to create assets in the Asset Management System.
Projects in fund 80000 & 80500 will fill out the Construction Project Capitalization form.
Projects in fund 81000 will fill out the InfoTech Project Capitalizaiton form. The InfoTech Projects not only have to follow the University of Michigan capitalization guidelines but also guidelines from the government,called SOP-98.