Capital Budget FY 2008

Sources  
Debt 93.0
University 46.3
Gifts & Grants 12.6
Endowment 4.3
Loan Advances 2.3
Private Contracts, Sales, Other 2.1
Total 160.6

Uses
Renewal, Replacement & Renovation 69.3
New Building Construction 45.3
Site/Infrastructure Work 27.0
Systems, Safety, Other 19.0
Total 160.6

FY08 Capital Sources Piechart

About Capital Funding Sources

Northwestern University's Capital Plan relies on several funding sources: Operating Budget, Gifts/Grants, Debt and "Other" funding.

  • Debt: The amount of debt to be allocated to capital projects takes into consideration the University's debt capacity and the ablitiy to service debt from current funds (58%).
  • University or Central Funds: The source of these funds includes school, department and University reserves (29%).
  • Gifts and Grants: A combination of gifts in hadn and grants (8%).
  • Other Categories: Investment return from endowment (3%), Internal Loan Advances (1%), and other funding sources (1%) made up the balance of the FY 2008 funding sources for capital and construction projects. 

Capital Funding Uses

The Capital Plan has the following "use" categories: New Building Construction; Renewal, Replacement and Renovation; Site/Infrastructure Work; Systems, Safety and Other.

  • New Building Construction: Includes major contstruction projects that generally add gross square footage to the University such as Robert H. Lurie Medical Research Center; Richard and Barbara Silverman Hall; Henry and Leigh Bienen School of Music; Student Health Services Expansion, etc. (28%). 
  • Renewal, Replacement and Renovation: Encompasses a wide variety of projects from the major renovation of Wieboldt Hall, Annie May Swift Hall and Harris Hall, to on-going construction and improvement projects within the Feinberg School of Medicine, Law School and University Housing (43%).
  • Site and Infrastructure Work: Generally large scale projects, e.g. installation of the 4th chiller in the University physical plant; new steam line construction; repair and replacement of older steam lines; softball field, soccer and lacrosse field improvements; parking and landscaping projects (17%). 
  • Systems, Safety and "Other": Examples include: Project Café, Northwestern University's enterprise system initiative; various upgrades to information technology assets; code improvements to meet city and state fire and safety requirements; upgraded security programs and handicapped accessibility enhancements (12%).