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Capital Improvements FY 2014

Capital Improvements FY 2014. 2013 MACJC Legislative Workshop. 2013 Session Summary. Bond Bill allocates $25M to CJC’s in accordance with formula (half equally & half per FTE) 25.9% of amount allocated to IHL (38.2% if School of Medicine is excluded)

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Capital Improvements FY 2014

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  1. Capital Improvements FY 2014 2013 MACJC Legislative Workshop

  2. 2013 Session Summary • Bond Bill allocates $25M to CJC’s in accordance with formula (half equally & half per FTE) • 25.9% of amount allocated to IHL (38.2% if School of Medicine is excluded) • Higher than historic average of 22.5% of IHL • CJC Inventory Replacement Value is $2.7B • CJC Inventory represents 19% of State’s Total Inventory Value • CJC Appropriation allocates $5M to CJC’s in accordance with formula (half per SF & half per FTE) • Total Allocation of $30M to CJC’s • 1.1% of CJC Inventory Replacement Value

  3. 2014 Session Goals • Community & Junior Colleges • $25M in Bonds allocated to CJC’s for Capital Projects • $13.5M in Appropriations (CEF) allocated to CJC’s for R&R • 1% of CJC Inventory Replacement Value • Bureau of Building $50M • $15M in Bonds allocated for Discretionary R&R • $3M in Bonds allocated for Energy Metering Implementation • $5M in Bonds allocated for Preservation • $27M in Appropriations (CEF) for Discretionary R&R • 1/3 of 1% of State Inventory Replacement Value • Emergency Fund • Increase current CEF Emergency Fund from $2M to $5M • Increase amount per emergency from $500K to $1M

  4. CJC Bonds/Appropriated R&R • Why Target 1.4%? • Capital Needs 1, 2, 3 • Bonds versus Appropriations • What is the correct amount of each? • How do we get there from here? • Formulas versus Named Projects • Pros & Cons of Formulas • Pros & Cons of Named Projects • Hybrid Model?

  5. Example of Hybrid Model

  6. BoB Bonds/Appropriated R&R • Why should we care about BoB funding? • BoB has a documented track record of support for CJC project needs. While HB 1701, L’10 mandated that BoB allocate only $4M of our Discretionary R&R to CJC’s. BoB actually allocated over $12M, or 29% of our Discretionary to CJC’s. • BoB has allocated over $25M in BoB Discretionary funds to CJC’s since 2006. • BoB Discretionary funds have supported CJC projects that have addressed ADA compliance, energy conservation, historic preservation, envelope restoration and other critical health, safety and welfare issues. • BoB Discretionary funds are the only source of funds for unanticipated, unscheduled needs.

  7. Emergency Fund • Current $2M emergency fund is insufficient • 1/100th of 1 percent • Current $500K per emergency is insufficient • Four out of four emergencies in FY2013 exceeded $500K • Lack of adequate emergency fund leads to holding of useable funds in reserve

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