Construction/Renovation Expenditure

Construction/renovation projects with a cost greater than $10,000 are recorded in Ledger 8 using the 8700 through 8899 subaccounts. If a renovation project does not meet the "cost greater than $10,000" criteria, it should be charged to the physical plant department services subaccount (3700-3799) in the Ledger 2 account, if the work is performed by the Physical Plant Department. For work less than $10,000 that is performed by outside contractors, use subaccount in the 8700-8899 range.