ctcLink Accounting Manual | 30.50 State Funded Capital Budget Development Process

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30.50 State Funded Capital Budget Development Process

2022-06-30

Each biennium the Capital Budget office presents a capital budget development workshop outlining the process for submitting a capital budget request. RCW 28B.77.070(2)(a) requires the college system to present a prioritized list to the legislature.

Below is a brief summary of the process.  For a complete discussion see the SBCTC Capital Budget Development webpage.

30.50.10 State Capital Budget Timeline

Detailed SBCTC process and schedule timetable resource is available in SBCTC Policy Manaul 6.30.10.

30.50.20 Locally Funded Capital Budget Development Process

Locally funded capital projects (including grants and federal funding outside the State’s capital budget) also require local capital expenditure authority so the State Board Capital Budget team can create the accounting codes and monitor the expenditures.

The State Board has delegated authority for approval of locally funded capital projects of up to $1,000,000 (SBCTC Policy Manual 1.40.20.E.) to the Executive Director. Projects costing more must be approved at a State Board meeting. See SBCTC Policy Manual 6.40.20 for additional information.

All financing for the acquisition or improvement of real property must be approved by the Legislature. See SBCTC Policy Manual 6.40.30 for additional information.

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30.40 Disposition of State-Owned Real Property << 30.50 >> 30.60 Capital Project Coding