乐播传媒

The retirement of indebtedness (ROI) plant fund is used to make payments of principal and interest on debt, trustee fees and expenses. The payment of principal from the ROI plant fund results in a matching reduction of the debt actually recorded in the Fund 74 investment in plant (IIP) fund to the related capital asset.

BCIP Allocation is part of the end-of-month close out that CU Systems runs the day after campus month close. The 鈥淏鈥� stands for Boulder campus and the 鈥淐IP鈥� for Construction in Progress. The allocation has eight built-in steps that it follows but not all are active.

Steps:

• BCIP-6A sums the costs between account codes 400000-969999 and posts the amount for the month as a debit to 090600 and a credit to 970100 using project 1770001.
• BCIP-6B will reverse the costs in identified projects, e.g., a pollution remediation project or a large refresh project on a building with multiple funding sources. Credit to 090600 and a debit to 970100 within the same project speedtype.
• BCIP-6C/6D are currently inactive.
• BCIP-6E adds up the revenue from interest earned, usually from bond proceeds that are invested till needed, in account codes 230100-232497 and subtracts this from the CIP. 聽Credit to 090600 and a debit to 970100.
• BCIP-6F sums the costs in accounts codes determined to be non-capitalizable costs within the project. Costs in the account codes listed below are summed and the amount is credited to 090600 and debited to 970100.
  • In the operational expense range:
    • 500105 IT Maint Supplies,
    • 500800-01 Computers <$5k,
    • 500900 Servers <$5k, 501000 Printers <$5k,
    • 501100 IT Video/Voice Hardware <$5k,
    • 501200 IT Other Hardware <$5k,
    • 501400 IT Peripherals <$5k,
    • 501800 UCB Faculty Computer Program,
    • 502000 IT Equip <$5k owned by sponsor,
    • 537600-01 Equip <$5k,
    • 537603 Furniture <$5k & Furniture Systems over $5k,
    • 537605 Tools, and
    • 542600 Interest Expense.
  • In the capital expense range:
    • 810100 Equip $5k+ titled to CU,
    • 810200 Equip $5k+ Equip titled to Feds,
    • 810300 Private Titled or F&A exempt,
    • 810349 ID Equip $5k+,
    • 810350 Software $5k+,
    • 810500-607 Lease Purchase P&I transactions,
    • 810700 Fabricated Equip Components,
    • 810799 ID Fab Equip Components,
    • 810800 Fab Equip Components Fed Titled,
    • 810900 Equip <$5k F&A exempt due to late price reduction.
• BCIP-6G-H are currently inactive.
• BCIP-8A sums Fund 71 projects in 090600 and posts the total into project 1770001 as a debit to 970600 and credit to 090600. This begins the transfer process of recording CIP in Fund 74.聽Line description is CIP 71 Activity Transfer to 71.
• BCIP-9A sums the value in Fund 71 project 1770001 and records it in FOPPS 74-10585-31543 as a debit to 090600 and a credit to 970600.聽Line description is CIP 71 Activity Transfer to 74.
• BCIP-9B sums the Fund 71 projects >1770010 in 090600 and places it as a credit in 090620 and a debit to 970600 within the projects. This is a CORE Feed transaction used as an offset to because account codes feed directly into their corresponding CORE account code in Fund 320F.
• BCIP-9C sums 090620 in projects >1770010 and credits 970600 and debits 090620 in project 1770001 to offset the balance for BCIP-9B.

Retainage is the withholding of partial payments, typically 5 or 10% of each invoice, to ensure satisfactory completion of the work by a contractor.

• Book the full amount of the invoice to an expense account and then book the withheld retainage (5-10% of invoice) to 105300 Retainage Withheld (current liability account) as a credit and pay the balance of the invoice (credits cash). This transaction is handled within Marketplace when paying invoices.
• At times you will need to manually reverse retainage due to an agreement with your contractor.聽CU keeps the retainage withheld and either rebids the disputed work or does the work themselves. In this case:
  • Credit the expense account used to book the cost initially
  • Debit the Retainage Account 105300