Capital Budgeting
Capital improvements are referred to as “4 type” because they have a budget code and budget fund code that begins with 4:
- 4XXXX (five digits) for budget funds
- 4XXXXX (six digits) for budget fund codes
See the State Budget Manual for more information. Section 2.4.3 and Section 3.11
What projects are considered capital improvements?
- It costs more than $100,000 and falls into one of the following categories:
- Real estate acquisition
- New construction
- Repairs and renovations (R&R)
Funding Sources
- State Capital Infrastructure Fund (SCIF)
- Repairs and Renovations (R&R) fund
- Agency receipts
- Bond or debt payments
- Authorized grants
Budget funds are non-reverting, which means they carry forward each fiscal year until the project is complete.
Navigating Capital Budgeting
Tab/Accordion Items
See State Construction Office in the Department of Administration for more information.
Complete Worksheet 3 in IBIS.
See the Certification page for more information.
- IBIS (soon BRIDGE)
- Interscope
- NCFS
- Note: Department of Transportation (DOT) and the University of North Carolina System (UNC) also have their own separate accounting systems.
See the Allotments page for more information.
Use the Capital Improvement 725 Report in NCFS to record allotments and life-to-date expenditures. See the Revisions page for more information.
See the Closeout page for more information.