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Where is Capital Planning in the Future? . On the Brink 2014-15 Governor’s Budget Proposal. Overview. Competing Needs State Capital Outlay Financing Governor’s Proposal Capital Financing Next Steps Capital Outlay Program Planning. Competing Needs. Enrollment demand

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Where is capital planning in the future

Where is Capital Planning in the Future?

On the Brink

2014-15 Governor’s Budget Proposal


Overview
Overview

  • Competing Needs

  • State Capital Outlay Financing

  • Governor’s Proposal

  • Capital Financing Next Steps

  • Capital Outlay Program Planning


Competing needs
Competing Needs

  • Enrollment demand

  • Existing seat capacity

  • Renovation needs:

    • Academic program requirements

    • Code changes

    • Accessibility

  • Operational costs

  • On-Going and deferred maintenance


Where is capital planning in the future
Reduction in On-Going MaintenanceTotal Operating Expenditures and Maintenance Costs per SF Expenditures remain depressed


State supported facilities renewal backlog change in forecast versus actual
State-Supported Facilities Renewal BacklogChange in Forecast versus Actual


Capital outlay funding state funded by type of financing
Capital Outlay FundingState Funded by Type of Financing


Governor s proposal
Governor’s Proposal

  • Allows use of operating budget for capital:

    • Fund academic and infrastructure projects

    • Refund or retire SPWB bond debt

    • General Fund limited to 12 percent

  • Prohibits use of authority to justify tuition increases, employee layoffs, or reduced pay

  • Streamlined approval process

  • Debt service added to base budget


State public works board general obligation annual debt payment
State Public Works Board & General Obligation Annual Debt Payment


Governor s proposal cross pledge with systemwide revenue bond
Governor’s ProposalCross Pledge with Systemwide Revenue Bond

  • 90083.  The board may pledge revenues received in accordance with Section 89770 to secure bonds issued in accordance with this article for capital expenditures as defined in Section 89770 or for projects as defined in Section 90011, and may pay all costs and expenses incident to the issuance …”.


Capital debt financing
Capital Debt Financing


Next steps
Next Steps

  • Legislative Budget Hearings

  • Present information to March board meeting.

  • Develop new capital financing program

  • Discuss policy and develop recommendations