Business Plan Procedure

The requesting unit needs to prepare a business plan that includes:

1. An assessment of the potential revenue to be generated by the academic program or other activities of the requesting unit
2. Expenditures required to run the program, including all academic costs associated with the program including faculty support not paid with state funding
3. Expenditures required to operate the facility, including,
   • Utilities (electric, gas, water)
   • Phone and Cable Connections
   • Janitorial Service
   • Lawn Maintenance
   • Insurance
   • Taxes
   • Association Fees
   • Reserve for Routine Maintenance
   • Miscellaneous (please identify)
4. Any gifts to support the property should be identified, including the donor name, amount, and payment schedule.
5. Certain data from the feasibility study should be included with the business plan:
   • Proposed acquisition cost
   • Photos and location map of property
6. The business plan should be reviewed by the unit’s business office, and, for international property, with the Office of International Programs. The University Business Office should be contacted for its review of the program plan.
7. The Business Plan should be forwarded to the Office of Financial Services.