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Capital Budget FY 2006
| Sources |
|
| Operating Budget |
37.2 |
| Gifts, Grants and Plant Funds |
33.1 |
| Bond Proceeds |
18.0 |
| Internal Loans |
3.6 |
| Investment Return |
2.7 |
| Total |
94.6 |
| Uses |
|
| New Construction |
37.7 |
| Renewal, Replacement and Renovation |
28.6 |
| Systems, Safety and Other |
28.3 |
| Total |
94.6 |
About Capital Funding Sources
Northwestern University's Capital Plan relies on several funding sources: Operating Budget, Gifts/Grants, Debt and "Other" funding.
- Operating Budget, or Current Funds: Source of these funds include school, department and university reserves (39% of the FY 2006 Capital Plan).
- Gifts and grants: A combination of pledged gifts or gifts in hand (35%).
- Debt: The amount of debt (Bond Proceeds 19%) to be allocated takes in to consideration of the university's debt capacity and the ability to service debt from current funds.
- Other: Includes both Internal Loans (4%) and Investment Return from endowment and other financial instruments (3%).
Capital Funding Uses
The Capital Plan has the following use categories: New Construction; Renewal, Replacement and Renovation; Systems, Safety and Other.
- New Construction: Large construction projects that generally add gross square footage to the university such as Robert H. Lurie Medical Research Center, Richard and Barbara Silverman Hall for Molecular Therapeutics & Diagnostics, and the Crowe Hall fifth floor addition.
- Renewal, Replacement and Renovation: A wide variety of projects from the major renovation and improvement of Wieboldt Hall and Annie May Swift Hall to maintenance programs that replace windows and repair building exteriors.
- 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.
