Institutional Priority
Unit works with Provost to prioritize project and place it on One Capital Plan.
Credit Analysis
Treasury performs due diligence to assess the risk of the project and impact on institutional debt capacity. The following are five steps of the process:
- Develop base case proforma
- Identify key financial risks
- Stress proforma with key risks both individually and together
- Describe risk mitigation plan
- Assess impact of project on UW debt capapcity
Project Approval
- - Board of Regents approves loans over 5M
- - President or designee approves loans under 5M
Financing Agreement
This is the key document outlining in terms of loan signed by SVP, Vice Provost and borrower. Includes maximum authorization, loan term, first payment date, borrower covenants and disclosure requirements.
Expenditure Funding
Treasury reviews and funds loan with debt proceeds or reserves.
Debt Repayment
- - Treasury transfers debt service from unit to ILP
- - The loan can be prepaid in part or in full any time