• ASOC
• Funding
• Capital Improvement

Capital Improvement

The Capital Improvement Fund is no more than 10% of the total ASOC savings each year. The Fund provides for purchases outside the range of the yearly operating budget.

Guidelines:

• Item must last at least 3 years without needing updates. Departments are required to submit documentation on how the captial items will be stored and secured.
• A capital improvement expense must be significant enough that it would not ordinarily be purchased within a department's operating budget, usually at least $500.
• Capital improvements can be individual items or systems. Systems are defined as items that do not work alone (e.g., A/V systems). Additionally, items that will protect the purchase from damage (e.g., bags, containers, warranties, etc.) can be included in the request.
• Computer software is not eligible for capital improvement because it changes rapidly. Departments should purchase software using their operating budgets.
• Submissions are accepted throughout the academic year. Submission deadlines are determined by the General Assembly agenda requirements.
• Once funding is approved, the receiving department is responsible for following through with purchases. Any unspent allocations will be returned back to the ASOC budget at the end of the fiscal year. The Senate Advisor and ASOC Finance Manager are not responsible for completing purchases while school is out of session, unless previously arranged.

 

Capital Improvement Request Form

 

Application Process:

1. Student Services should submit their requests via email to the ASOC President, ASOC Advisor, and General Assembly Co-Chairs
2. All requests must be reviewed by the ASOC Advisor and the ASOC Finance Manager prior to being presented to the GA and Senate to confirm whether the requested items meet the guidelines and that the plans for protecting the investment are adequate. The ASOC Advisor will offer a report to the GA CO-Chairs and Senate on the adequacy of the request.
3. The ASOC President will forward the request to the General Assembly. An open forum in the GA for student questions and suggestions must occur prior to a vote in Senate. The requesting department should be prepared to go make a presentation during the General Assembly.
4. If the proposal is passed during General Assembly, then the ASOC Senate shall vote on the request at the following Senate meeting. The requesting department is strongly encouraged to attend this meeting.