The Plant Fund Accounting unit is responsible for administration of construction funds and long-term debt. Provides financial reporting for the campus and claims reimbursement from the State Budget. Payment to prime contractors and withholding of sub-contractor stop notice and prevailing wage claims.

Responsibilities include:

  • Monitoring capital projects; transferring costs from construction in progress to buildings and structures, general improvements, infrastructure, and fixed equipment; and closing completed capital projects
  • State capital appropriations claims
  • Preparation of loan draws for capital projects
  • Capitalization of equipment, software and other capital assets
  • Recording campus depreciation on all capital assets
  • Maintenance of Santa Barbara Financial System capital project and plant fund values
  • Withholding of sub-contractor stop notice and prevailing wage claims