Capital Expenditure Request and Justification Form free printable template

Capital Expenditure Request and Justification Form The Southern Baptist Theological Seminary DEPARTMENT DIVISION CAPITAL EXPENDITURE REQUESTED: (1) Priority Rating 1. Critical 2. Upgrade 3. Desirable

How to fill out capital request form

How to fill out Capital Expenditure Request and Justification Form

1. Begin with the header section, filling in your department name and the date.
2. Clearly state the purpose of the expenditure at the top of the form.
3. Provide a detailed description of the capital asset needed.
4. Include the estimated cost of the asset.
5. Justify the need for the expenditure by explaining how it will benefit the organization.
6. Specify the funding source for the capital request.
7. List any alternative options considered and reasons for selecting the proposed option.
8. Attach any supporting documentation that enhances your justification.
9. Review the form for completeness and accuracy before submission.

Who needs Capital Expenditure Request and Justification Form?

1. Department heads who plan to acquire new capital assets.
2. Financial officers responsible for budget approvals.
3. Any employee involved in a project that requires significant capital investment.
4. Organizations looking to justify expenditures for strategic planning.

What is capex form?

Whenever you spend money to grow your organization, you need to keep accurate records for any capital expenditures (CapEx) that are used to acquire, update or refurbish property or physical assets.

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What is Capital Expenditure Request and Justification Form?

The Capital Expenditure Request and Justification Form is a document used to request approval for spending on capital assets or projects, providing a detailed justification for the expenditure.

Who is required to file Capital Expenditure Request and Justification Form?

Typically, department heads and managers who wish to acquire capital assets or undertake projects that require significant funding are required to file this form.

How to fill out Capital Expenditure Request and Justification Form?

To fill out the form, you should provide detailed information about the capital item or project, including the cost, purpose, expected benefits, and timeline, as well as any comparative analysis to support your request.

What is the purpose of Capital Expenditure Request and Justification Form?

The purpose of the form is to ensure that all capital expenditures are thoroughly evaluated and justified to ensure accountability and effective use of funds.

What information must be reported on Capital Expenditure Request and Justification Form?

The form must include the description of the capital item, estimated cost, justification for the expenditure, anticipated benefits, and any relevant timelines or project plans.