hot topics for the april 28 2010 state allocation board meeting n.
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HOT TOPICS for the April 28, 2010 State Allocation Board Meeting. Presented By. Status of Fund Releases. General Obligation Bond (April 2009 Sale). General Obligation Bond/Proposition 1D (March 2009 Sale). General Obligation Bond (October Sale) and Commercial Paper (November).

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Presentation Transcript
status of fund releases

Status of Fund Releases

General Obligation Bond (April 2009 Sale)

General Obligation Bond/Proposition 1D (March 2009 Sale)

General Obligation Bond (October Sale) and Commercial Paper (November)

* Reflects posting to reduce administrative cost for2010-2011 fiscal year. Administrative cost will be determined in Governor’s 2010-2011 Budget Act.

slide3

Status of Fund Releases

General Obligation Bond (November Sale) and Commercial Paper (December)

The projects activated at the February 24, 2010 SAB will be processed from the proceeds received in November and December 2009. The tax certification was submitted to the State Treasurer’s Office on March 10, 2010 and completed by the Treasurer’s on April 15 and 19th, 2010.

General Obligation Bond (March 2010 Sale)

Projects that will be activated for these funds are currently being determined.

slide4

Status of Fund Releases

* Previously June showed accumulations of three months of fund releases (April, May and June). Starting April 2010 SAB the bar is broken down into three separate months.

slide6

Consent Specials

Charter School Facilities ProgramAgreements—Additional Versions

specials appeals

Specials/Appeals

Priorities in Funding

specials appeals1

Specials/Appeals

School Facility Program Activation of Unfunded Approvals

specials appeals2

Specials/Appeals

Bond proceeds received from sales must be allocated according to the restrictions placed on the use of those funds.

specials appeals3

Specials/Appeals

The OPSC has requested direction from the SAB on prioritizing the remaining $415.8 million for additional apportionments.

reports

Reports

High Performance Incentive Grant Funding

emergency item

Emergency Item

Office of Public School Construction Earthquake Relief Measures

what s new at the dsa
What’s New At the DSA

Bin Time Statistics:

  • Bin Time = project plans awaiting review
  • Bin Time reduced from 12 to 5 weeks in 30 days
  • Continued efforts at maintaining bin time reduction
  • Current average: 4.4 weeks
what s new at the dsa1
What’s New At the DSA

Plan Review Updates:

Projects in the bin 1-21-2010: 285

Received through 4-23-2010: 513

TOTAL: 798 projects

Incomplete Submittals: 279 projects

35% of total

Average days before missing

documents were submitted : 47 days

what s new at the dsa2
What’s New At the DSA

Prioritization of Plan Reviews:

  • One-year anniversary of DSA policy
  • Prioritization of plan reviews for Category 1 & Category 2 projects
  • DSA may review progress of projects: did construction begin in time specified?
  • DSA may check OPSC records: did Category 1 projects seek State funding?
what s new at the dsa3
What’s New At the DSA

Prioritization of Plan Reviews (cont.):

Plans to improve the process:

  • Revised Form DSA-10 & Bulletin
  • Clarified Instructions
  • Extended time to begin construction
  • Notice to Proceed required to determine construction start date
what s new at the dsa4
What’s New At the DSA

Seismic Mitigation Program Outreach:

  • Funding for structural evaluations of buildings identified as eligible
  • DSA review of historic plan documents to confirm building eligibility
  • Continued direct communication with districts with buildings eligible for replacement/retrofit
seismic safety and calexico schools seismic performance in the april 4 th 2010 mexicali earthquake

Seismic Safety and Calexico Schools. Seismic Performance in the April 4th 2010 Mexicali Earthquake

The Division of the State Architect

April 2010