The Division of Budget (DOB) worked with the Office of the State Comptroller (OSC), the Statewide Financial System (SFS), State agencies, and public authorities on an enterprise-wide initiative called the Project Costing Improvement Project (PCIP). PCIP is a Statewide initiative that requires State agencies and public authorities to enter individual capital projects in the SFS. 

The purpose of Budget Bulletin E-1196 is to provide stakeholders with background and broad guidance related to the PCIP.

The PCIP went into production on October 1, 2022, and includes a population (i.e., conversion) of capital project data, that – in most cases – resided within internal State agency and public authority IT systems, into the SFS.

Following the conversion, State agencies and public authorities, who are spending from State capital appropriations, must i) comply with the requirements and guidance promulgated in this bulletin; and ii) adhere to data entry instructions included in the PCIP Supplemental Guidance to E-1196.

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Guide to Financial Operations

REV. 11/26/2024