The plant funds group includes four subgroups: unexpended plant funds (00300a-01599a), renewal and replacement funds (76xxxx), retirement of indebtedness funds (01700a-01799a), and investment in plant funds (01990x-01999x).

Unexpended plant funds are designated for the improvement or expansion of facilities of the campus. This includes land and building acquisitions, construction of new facilities, initial equipping of new buildings, renovation, remodeling and alteration of existing facilities, and general planning, studies and surveys connected with the physical planning of the campus. Unexpended plant funds are provided by state of California appropriations, federal grants, private gifts and grants, loan and bond issue proceeds, and transfers from current funds. Once a project is approved by the Capital Planning and Budgeting Office, the costs are recorded and accounted for in the 96xxxx organization codes in the operating ledger until a project is capitalized or written off. The funds numbers are assigned by either the Office of the President, General Accounting or Facilities, Design and Construction and are different than the fund codes used in current funds. The expenditure account codes are also different, except in the case of equipment expenditure account codes (649xxx).

Renewal and replacement funds are primarily current funds transfers from self-supporting campus activities which are designated for use in the acquisition, construction, or replacement of capital assets. These funds function like current funds and are under the control of specific campus departments; for year end reporting purposes these funds appear in the Plant Funds Group.




Retirement of indebtedness funds have been established to record debt service payments and to accumulate funds for the retirement of specific outstanding loans, bonds, and certificates of participation. The departmental funds responsible for paying the debt service are transferred here to cover the debt service payments.




As projects are completed and are capitalized, the capitalized amounts and any related liabilities are transferred to the investment in plant subgroup. Within the investment in plant subgroup is recorded the original cost, or in the case of gifts, the fair market value of the land, buildings, libraries and collections, and equipment assets of the University.