Capital Management
The primary responsibility of the Capital Management Office is to assess and manage the impact of capital spending on the operating budget. This includes: translating capital spending into operating impacts, primarily interest and amortization; preparing annual interest and amortization/cash management budgets; and monitoring actual costs.
The Capital Management Office works in conjunction with other University departments in fulfillment of its objectives:
- Together with Facilities, this office constructs capital plans; accumulates information on future projects--their cost, their proposed financing and funding; develops information on gift expectations; and compiles reports and other presentations to distribute the information
- Together with Investments, this office issues reports on the University's debt; determines timing and amount of borrowing needs; determines optimal capital structure; maintains an open line of communication with outside agencies -- Moody's, Standard and Poors'-- as well as investment banks, law firms, Connecticut Health and Educational Facilities Authority; prepares legal documents; monitors debt performance and market conditions; and, on a monthly basis, calculates amount and draws funds from the Connecticut Health and Educational Facilities Authority (CHEFA)
Last Updated: January 22, 2009 (vm).
