|Activity:||Repairs and Rehabilitation (R&R) - BC*|
|Policy or SOP:||ASOP 27.0: Repair and Rehabilitation Reserves for Auxiliary and Service|
|Things To Know:||FY 2020-21 |
Auxiliary Units Only
Non-General Fund Groups
Any auxiliary enterprises and service unit that has primarily funded and/or occupies a significant portion of one or more university owned buildings is required to set aside annually at least 1.25% of the facility replacement value of the building(s) for projects defined as R&R. Service center accounts have an additional restriction that the amount transferred cannot exceed the annual depreciation amount of the building(s) utilized for recharge activity.
Detailed schedules will be sent to each campus in March.
Contact Auxiliary Accounting at firstname.lastname@example.org with any questions.