|CMP 430-27: Other Capital|
To list and define other capital object and sub-object expenditure codes
Advantage accounting system
A copy of Internal Revenue Service (IRS) Form 1099 is sent to all providers of building improvements/remodeling, new construction, and planning/design/management costs annually when expenditures total $600 or more, except providers that are colleges or universities, corporations, or university departments. The sub-object codes provide information used by the university to generate IRS Form 1099.
Additionally, payments coded to sub-objects 15, 25, 35, 45, 55, and 65 are subject to a construction insurance premium. The premium is assessed monthly by an automated journal entry and remitted to the Arizona Department of Administration, Risk Management Section.
NOTE: These codes are used primarily by the Facilities Services Dept. The code most often used by other departments is 7822 30, Bldg fixtures, drapes, carpet, etc.
|Other Capital Codes, Code Numbers, and Definitions|
|Sub-object Code Name||Code Number||Definition|
|Land Acquisitions||7810||10||All purchases of Land|
|Cost incurred in the construction of new buildings.
New construction costs subject to insurance premium.
|Construction-Building Renovation||7822||10||Improvements made to existing university owned buildings that increase their value and/or usability.|
|7822||15||Construction-Building Renovation insurance premium|
|7822||20||Asbestos removal - Bldg.|
|7822||25||Asbestos removal - Bldg. insurance premium|
|7822||30||Building fixtures, drapes, carpet|
|7822||35||Building fixtures, drapes, carpet - insurance premium|
|Construction - other improvements||7823||10||Improvements made to university owned land that increases it's value or usability|
|7823||15||Improvements other - insurance premium|
|7823||25||Paving - insurance premium|
|7823||35||Parking - insurance premium|
|7823||45||Utilities - insurance premium|
|7823||50||Asbestos removal - Infrastructure|
|7823||55||Asbestos removal - Infrastructure - Insurance Premium|
|Construction - Professional Fees||7825||10||Architects|
|7825||15||Architects - insurance premium|
|7825||25||Engineers - insurance premium|
|7825||35||Construction Managers - insurance premium|
|7825||45||Other consultants - insurance premium|
|7825||50||NAU A/ E Fees|
|7825||65||Asbestos consultants - insurance premium|
|Telecom Equipment||7828||10||Telecom Equip. NAU built-in|
|20||Telecom Equip. other built-in|
|Other Construction costs||7829||10||Surveys|
For additional assistance with Other Capital accounting concerns and coding, please contact John Rabe in the Comptroller's Office.
NAU Home Page | Comptroller's Office Home Page | Back to Table of Contents
Back to Top