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.
A new Business System Analyst was hired at the end of June for CPATH. Since then, the team has been focused on addressing the backlog of system bugs and developing additional functionality. To limit the disruption to users, there is a set schedule of outages through the end of the calendar year to implement the fixes and upgrades. Accordingly, CPATH will be temporarily unavailable for maintenance/migration of enhancements and bug fixes every other Friday after 3pm through the end of the calendar year. Note: the first outage occurred on 9/11/15 and the next one is scheduled for 9/25/...
The new automated capital planning system, CPATH (“Capital Planning at Harvard”), is now live. CPATH has been integrated with the CAPS automated system to initiate Project Proposals and with the G/L to pull spending. Note also that the CAPS automated system blackout period is over.
The Harvard financial applications page has been updated to include CPATH within the Budget and Planning Applications section.
What is Capital Planning at Harvard (“CPATH”)? Capital Planning at Harvard (CPATH) is an automated, web-based, and centralized system that will collect and report on the University’s annual five-year capital plan. CPATH will also provide Schools/Units the opportunity to manage individual project information in their capital plan portfolio throughout the year.
What are the major benefits [functionalities] provided by CPATH? CPATH will collect valuable capital project information, such as project level details and financial...