Funding and Billing Information / Who Pays
FP&M Service Guide
Funding for repair, maintenance, or improvement of university facilities comes from different sources. You may consult with the Project Coordination Center for help determining funding sources.
Costs included in a job
The costs of a job can include expenses such as supplies, equipment rental, hourly wages, fringe benefits, design and planning, inspection, and supervision. You may consult with FP&M Accounting (294-4688) if you have questions concerning the costs included in a job.
Fund types
Building repair funds
These funds cover larger, non-departmental projects. FP&M can approve repair and maintenance projects up to $5,000. The Maintenance Improvement Committee (MIC) must approve projects greater than $5,000.
Capital project funds
These funds are provided by state appropriations or other sources to cover large Board of Regents approved projects (over $25,000).
Departmental funds
Department funds are used to pay for remodeling and for repair and installation of departmentally owned equipment and furniture. FP&M will provide the following services at no charge to the requesting department:
- A final estimate for smaller, less complex projects over $500 where no design services are needed
- A non-detailed rough estimate for projects up to $500 (only if requested)
If 100, 300, 600, or 700 series accounts are used to fund a project, FP&M will provide the following services at no charge to the requesting department:
- Scope definition and budget estimate for larger, more complex projects requiring design services
- Furniture projects (associated electrical work is chargeable)
- Signs, plaques, directories. etc.
FP&M operation funds
These funds cover preventive and minor maintenance of general university buildings and grounds.
Gift funds
These funds are provided through donor gifts to the ISU Foundation. Projects funded through gifts are subject to all other FP&M processes. Contact the ISU Foundation 294-4607.
Billing questions
You may direct billing questions or problems to FP&M Accounting at 294-4688.
You may call FP&M Accounting (294-4688) to determine the status of any request. You can also look up billing information online.
www.fpm.iastate.edu/serviceguide/funding.asp