Financial Administration

Appropriation 112

Title:  Self-Amortizing Facilities Principal & Interest

State Fund/Agency
Number		 Budget
Category		 Appropriation
Type		 Statute
Reference		 Cash Balance
Carryover
103/285 GPR Sum Suff 20.285 (1) (db) N/A

Statute Language:

A sum sufficient to reimburse s. 20.866 (1) (u), the bond security and redemption fund, for any amounts advanced to meet principal and interest costs on self-amortizing university facilities whenever the combined balances of all accounts of activities, of any campus, included in par. (h) and sub. (6) (g) are insufficient, as determined by the department of administration, to make transfers to pars. (kd) and (ke) as required by par. (h) and sub. (6) (g). Amounts advanced under the authority of this paragraph shall be repaid to the general fund in installments to be determined jointly by the Department of Administration and the campus concerned. For projects authorized by the building commission July 1, 1998, annually an amount equal to 80% of the principal and interest costs for maintenance of University of Wisconsin-Madison intercollegiate athletic facilities shall be paid from the appropriation under this paragraph. For projects authorized by the building commission on or after July 1, 1998, annually an amount equal to 70% of the principal and interest costs for maintenance of University of Wisconsin-Madison intercollegiate athletic facilities shall be paid from the appropriation under this paragraph.

Institutions Which Have Budget Authority for This Appropriation:

Madison

Allowable Major Classes of Expense/Revenue:

Special purpose

Special Restrictions or Policies/Procedures:

  1. Position Control Policies
    Not applicable since there are no salaries in this appropriation.
  2. Budget Control/Transfers/Overdrafts
    See FAP - Budget Transfers (F5) for these limitations.
  3. Activity Code Limitations
    Use activity 0 only. See Appendix C for descriptions.

Year-End Instructions (lapse, carry forward, etc.):

Any unexpended or unencumbered current year budget dollars must be lapsed back to the state at the end of the fiscal year. There is no cash balance to carry forward. The new year budget is increased by encumbrances carried forward to the new year; budgeted and accounted for in appropriation 112. Refunds of prior year expenditure are deposited to this appropriation using the code of the original expenditure.

Special Instructions on Salaries/Fringe Benefits:

Not applicable since there are no salaries paid.

Policy Paper References: