The information from the FY20 Capital Spending Plan is available in CPATH including identification of any large FY20 projects and spending amounts authorized by the Corporation for next steps. The CAPS project approval system reopened today (July 11th.). CAPS forms (PP, CA, CCR) submitted to CADM during the blackout period will now be available to CADM for action.
The FY21-25 capital plans should be submitted in CPATH by August 30th. Material changes to the submissions and final capital plan narratives should be submitted to CAPS no later than October 4th. More information, including the narrative templates, will be communicated in the next several weeks.
The FY21-25 multi-year capital plans should be submitted in CPATH by August 30th; the data from the August 30th MYCP submission will be pre-populated in the Multi-Year Financial Plans (MYFP) by OFSP. Adjustments can be made through October 4th; however, the final capital spending amount reported in CPATH as of October 4th must agree with the amounts in the MYFP.
Please ensure the out years of the MYCP (FY24 and FY25) reflect anticipated spending; if projects are not yet identified, it is recommended that placeholders be used.
MYCP narratives are due to CAPS by October 11th. Narrative template will be distributed in the next few weeks. Questions will be similar to last year.
FY21-25 Capital Plan Guidelines will be posted to the CAPS website within the next few weeks.
Please contact a member of the FAD Capital Panning and Project Services team with any questions or send an email to the CAPS Office (firstname.lastname@example.org).
The FY20 capital spending plan submissions will be due using CPATH by end of day on Friday, February 15, 2019. Also, responses to the Capital Spending Plan Narrative Update questions should be submitted; these have been included with the FY20 Budget Guidelines and Narratives distributed by Office of Financial Strategy and Planning (OFSP). CAPS will obtain your responses from OFSP when you submit the narrative to them.
FCI calculations will not be part of the FY20 capital spending plan submission. Retrospective building FCI’s will be done in the fall as part of the prior year review and multi-year capital planning efforts. It is recommended that the automated FCA tool be updated regularly, but especially at the completion of each fiscal year.... Read more about FY20 Capital Spending Plan Submission
Here are some Multi-Year Capital Plan (MYCP) highlights:
The FY20-24 multi-year capital plans should be submitted in CPATH by August 30th; the data from the August 30th MYCP submission will be pre-populated in the Multi-Year Financial Plans (MYFP) by OFSP. Adjustments can be made through October 5th; however, the final capital spending amount reported in CPATH as of October 5th must agree with the amounts in the MYFP.
Please ensure the out years of the MYCP (FY23 and FY24) reflect anticipated spending; if projects are not yet identified, it is recommended that placeholders be used.
MYCP narratives are due to CAPS by October 12th. Narrative templates are available on the CAPS website. Click here.
CAPS Project Approval System A future enhancement will be the automation of CIP funding journals. This should increase the turnaround time for approvals and accuracy of journals. CAPS will be working with FAR over the next several months on developing the appropriate business requirements to automate this process.
Capital Planning in CPATH The following enhancements have, or will be, implemented in CPATH:
Projected Future Depreciation (CP213) report– Useful life overrides are now allowed for non-MFE assets with depreciable lives different than the standard 20 and 35 years. Other depreciable lives can be input on the Project Finance tab. Reasons for overrides could include lease terms, lab componentization periods that differ significantly from the standard 20-year life estimate, and special situations such as modular construction. Useful lives that are overridden and utilized for the depreciation calculation are highlighted in the Report to facilitate identification.
Open Projects (CP207) report– Those projects are now highlighted where project-to-date capital spending exceeds non-debt funding if there is some non-debt funding included as a funding source. This is to identify projects that are being charged interest. If debt funding and resulting interest charges were not anticipated, a CAPS form should be submitted to add additional non-debt funding to the project.
Plan to Actuals with CIP Funding (CP979) report (delayed to June 2018) – This will reflect transfers of funds to projects for the current fiscal year and commitments for future years. Funding by source will be obtained from the CPATH CIP Funding sub-tab of the Finance tab (as this is assumed to reflect the funding that was or will be initiated through CAPS forms.) For equity funding, this will show the amount of funding, if any, that will be moved into a CIP this fiscal year. For debt funding, this will show the amount of anticipated borrowing for capital costs for this fiscal year.... Read more about CAPS and CPATH Automated Systems Enhancements
The FY19 capital budget submissions will be due using CPATH by end of day on Friday, February 16, 2018. In addition, the automated FCA tool, vfa.facility, should be updated as of this date or completed FCI templates should be emailed to Garry Cuneo (email@example.com) or Missy Reed (firstname.lastname@example.org). Also, responses to the Capital Plan Narrative Update questions should be submitted; these have been included with the FY19 Budget Guidelines and Narratives distributed by OFSP. CAPS will obtain your responses from OFSP when you submit the narrative to them.
Beginning on Monday, April 25th, CPATH users will be able to use the Firefox browser with the CPATH application.
Please contact the IT Help Desk (617-495-7777 or email@example.com) for CPATH technical matters or CAPS/HPPM with business issues/questions. User feedback on the CPATH and CAPS applications is always appreciated.