Division of Remediation Finances Update
Financial overview of Division of Remediation including revenue sources, expenses, areas of need, and fund balances for the years FY15-FY19. The report highlights challenges such as declining federal grants and underfunded programs.
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Presentation Transcript
Assessing Capital Issues December 11, 2012 1 A d i s t r i c t o f e x c e l l i n g s c h o o l s A d i s t r i c t o f e x c e l l i n g s c h o o l s
Capital Improvement Plan Focus on 2011 2020 Capital Calendar $143,729,229 total for outstanding projects $113,250,000 outstanding authorization $0 outstanding Bond Capacity Targeting a $40 million bond sale Only available if legislation passes Would still require prioritization 2 A d i s t r i c t o f e x c e l l i n g s c h o o l s
Prioritization Plan Value Assessment Matrix Define Categories and their value Determine which categories apply to each capital improvement Prioritize Projects based on the Matrix 3 A d i s t r i c t o f e x c e l l i n g s c h o o l s
Value Assessment Matrix Draft Possible Risk/Threat Other Operational Impact Fire Structure Flood Mold Air Quality Theft Minor Safety 10 10 5 5 3 2 1 School Operations Minimum Standards Legal Compliance End of Life Cycle Preventative Maintenance Energy Savings Classroom Operations Marketability 8 5 5 3 3 3 3 1 Board Input to further refine categories and values 4 A d i s t r i c t o f e x c e l l i n g s c h o o l s
The Impact of a Year Option 1: A Set Percentage Example: Each year increases importance by 10% Strength: Consistent, Easy to Explain Weakness: Isn t a True Representation Option 2: A Percentage based on the life span of the item Example: An item with a 20 year lifespan increases it s importance by 5% in year 21 Strength: Improved Assessment Weakness: Not all items have a defined life span 5 A d i s t r i c t o f e x c e l l i n g s c h o o l s
Cutoff Year Plan is to focus on items scheduled between 2011 2015 All other items will be addressed at a later time unless they completely fail 6 A d i s t r i c t o f e x c e l l i n g s c h o o l s
Determining the Raw Score Item Roof Replacement Hot Water Heaters Transformers Flooring Plumbing Fixtures Bus Replacement Irrigation Pumps Fire Flood Mold 5 5 School Ops. Total 18 10 18 5 5 8 10 8 0 10 0 5 5 5 5 Board Input to further refine categories and values 7 A d i s t r i c t o f e x c e l l i n g s c h o o l s
Determining the Final Score Straight Percentage method with each year worth 10% Item Raw Life Roof Replacement 18 Hot Water Heaters 10 Transformers 18 Flooring 0 Plumbing Fixtures 10 Bus Replacement 0 Irrigation Pumps 5 2011 23.4 13 2012 2013 2014 18 10 18 2015 20 7 25 15 10 20 15 12 11 9 0 0 0 9 0 13 12 0 11 10 5 8 A d i s t r i c t o f e x c e l l i n g s c h o o l s
Determining the Final Score Lifespan Percentage method with each year s value dependent on the expected lifespan of the particular item Item Raw Life 2011 Roof Replacement 18 20 Hot Water Heaters 10 7 Transformers 18 25 Flooring 0 15 Plumbing Fixtures 10 10 Bus Replacement 0 20 Irrigation Pumps 5 15 2012 2013 2014 18 10 18 2015 20.7 14.3 12.9 11.4 8.6 0 0 0 9 0 13 12 0 11 10 5 9 A d i s t r i c t o f e x c e l l i n g s c h o o l s
Questions and Suggestions 10 A d i s t r i c t o f e x c e l l i n g s c h o o l s
