Beginning in FY 2023, to improve the accuracy of accounting for small capital projects (capital projects which are less or equal to $300,000), the following changes have been made:
- New account number 543320 (Bldgs-Small Capital Project) to capture the building-related expenses.
- New account number 545241 (Equip-Furn Small Capital Project) for equipment and furniture-related expenses.
- The journal line description will now include the small capital project ID number.
Small capital projects that were established in FY 2022 and earlier will continue to use account number 524110 (Repairs-Building) on those projects.
For questions concerning these changes, contact firstname.lastname@example.org.
Please contact OSPCommunications@unc.edu with any questions regarding this communication.