Project Accounting performs the accounting and reporting for all capital projects at the University. Capital projects include new construction, renovations and deferred maintenance. Projects are funded using UCONN 2000, other State bonds, departmental funding and outside funding including donations, grants and federal funding. Project Accounting works closely with Planning Architectural and Engineering Services (PAES) and Capital Projects and Contract Administration (CPCA). Two of our accountants are located at the PAES building because they so closely interact with PAES staff. We also work with Academic Renovations and Facilities Operations because of their role in renovations and deferred maintenance.
Project accounting ensures that the University is in conformity with Generally Accepted Accounting Principles (GAAP) in the United States of America and the Governmental Accounting Standard Board (GASB).