Capital Budget FY 2007
| Sources | |
| Operating Budget | 50.5 |
| Gifts, Grants and Plant Funds | 12.7 |
| Bond Proceeds | 32.3 |
| Internal Loans | 14.7 |
| Investment Return | 2.7 |
| Total | 112.8 |
| Uses | |
| New Construction | 21.8 |
| Renewal, Replacement and Renovation | 62.2 |
| Systems, Safety and Other | 29.8 |
| Total | 112.8 |
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 (45% of the FY 2007 Capital Plan).
- Gifts and grants: A combination of pledged gifts or gifts in hand (11%).
- Debt: The amount of debt (Bond Proceeds 29%) 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 (13%) and Investment Return from endowment and other financial instruments (2%).
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.