Capital Equipment Threshold Has Increased 💼📦
As of July 1, 2025, VCU’s capitalization threshold for equipment purchases has officially increased from $5,000 to $10,000 per item.
What This Means:
- Equipment under $10,000 (per unit) is no longer capitalized
- These items won’t appear on your physical inventory sheets
(Note: HEETF-funded items are still tracked — see guidance below) - Account codes have been updated in Banner, Real Source, and Works
Quick Coding Reminders:
- Use 700xxx series for items $10,000 and over
- Use 720xxx series for items under $10,000
- Include shipping and installation in the total cost
🧾 Need more detail?
Full guidance — including HEETF rules, software, training, and split coding — is available from the Controller’s Office.
👉 View the full guidance and policy here
If you have further questions, contact:
📧 Brian Fowlkes | [email protected]
📧 Ileyn Sotelo | [email protected]
📧 Jessica Burruss | [email protected]