Faculty Senate November 16, 2006 UMA Funded Capital Plan by Source - PowerPoint PPT Presentation

Presentation for Faculty Senate November 16, 2006

UMA Funded Capital Plan by Source of Funds FY 06 to FY 11 Source Campus External/ UMBA/ TOTAL Funds Fundraising HEFA State (cash) (cash) (debt/ financed) $110m $8m $522m $70m $710m $ % total 15% 1% 74% 10% 100% Debt Debt Service ratio increases from 3.9% in FY 06 to 6% in FY 11 2

FY 06 to FY 11 Capital Plan: Gen Ops and State Central Heating Plant $118,700,000 Integrated Science Building $92,700,000 Art Building $25,000,000 Recreation Center $52,000,000 New Auditorium $11,000,000 Modular Swing Space $9,480,000 Skinner Hall Renovation $16,300,000 Du Bois Library Deck and Interior Repairs $13,000,000 Lederle GRC Exterior Panel Joint Repairs $5,200,000 Bartlett Renovation Phase I $15,600,000 Other $149,127,800 Total Gen Ops and State $ 5 0 8 ,1 0 7 ,8 0 0 3

FY 06 to FY 11 Capital Plan: Self- Financed Energy Conservation Measures $51,842,200 Berkshire Dining Commons Renovations $13,000,000 Housing Renovation FY07-11 $28,800,000 Stadium Artificial Turf $1,200,000 New Student Housing $92,900,000 ISB Research Floor Fit-Out $7,000,000 Campus Center Repairs $4,400,000 Parking Repair and Renovation FY07-11 $2,750,000 Total Self- Financed $ 2 0 1 ,8 9 2 ,2 0 0 Total Gen Ops and State $ 5 0 8 ,1 0 7 ,8 0 0 Total All Funding $ 7 1 0 ,0 0 0 ,0 0 0 4

UMA Funded Capital Plan by Source of Funds FY 01 to FY 06 Source Campus External/ UMBA/ TOTAL Funds Fundraising HEFA State (cash) (cash) (debt/ financed) $ $127m $12m $5m $30m $174m % total 73% 7% 3% 17% 100% 5

Sightlines links facilities operating strategy and financial capacity by Measuring, Monitoring and Benchmarking the facilities management function with data provided by our campus and nearly 150 other campuses. Results allow campus to: Define strategic plans and tactical actions to address facility stewardship, asset reinvestment, operating effectiveness and service delivery in relation to historical data from ourselves and comparison institutions. 6

Cam pus Facilities Profile (Reviewed 9.4M GSF) Average Age of Facilities = 42 Years Construction Age 2% 7% 16% 75% Under 10 10 to 25 25 to 50 Over 50 7

Total Building Repair Needs = $1,339 Million 1600 1400 Replacement Required 1200 In Millions 1000 800 $ in millions Repair Possible 600 400 200 0 Repair/ Maintenance Replacement Facilities 8

Comparison Institutions • Georgia Institute of Technology • Indiana University • Iowa State University • Michigan State University • The Pennsylvania State University • Purdue University • Rutgers University- Cook/ Douglass Campus • The Ohio State University • University of Illinois – Urbana/ Champaign • University of Minnesota – Twin Cities • University of Vermont 9

Backlog Higher than Com parison I nstitutions Repair/ Maintenance Backlog in total dollars– FY05 $1,400,000,000 $1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0 A B C D E F G H I J K L 10

To Normalize the Repair/ Maintenance Backlog Amount to the Size of the Institutions Best Measure = Total Deferred Maintenance / Gross Sq. Ft . UMASS = $1,339 M / 9.4 M GSF = $142/ sq.ft 11

Backlog Higher than Com parison I nstitutions Asset Reinvestment Maintenance/ Repair Backlog in $/ GSF – FY05 $160 $140 $120 $/GSF $100 $80 $60 $40 $20 $0 A UMASS- C D E F G H I J K L Am herst 12

Measuring Financial Ability to Address Need One measure is to convert the $DM to Equivalent Debt Burden Equivalent Debt Burden : Additional Annual Debt Payment Needed / Annual Expenses UMASS = $116 M per yr / $727 M per yr = 16% In Current Funded Capital Plan: The FY06 Debt Burden is 3.9% and by FY09 will be 6% 13

Equivalent Debt Burden Higher than Comparison Institutions 18% Com parison I nstitutions: 16% • Georgia I nstitute of Technology 14% • I ndiana University • I ow a State University 12% UMass- Am herst • Michigan State University 10% • Purdue University 8% • The Ohio State University • University of Minnesota – Tw in Cities 6% • University of Verm ont 4% 2% 0% A UMA C D E F G H 14

To Assess Need After the Current $710M Capital Plan Sightlines Facilities Amount Only: $1,339 M Plus Infrastructure Maintenance Need: +238 M Total as of July, 06 $1,557 M Subtract reduction in DM due to work in Capital Plan by FY 08: - $210M Remaining Need by FY 08: $1,367M 15

Facilities Condition After $ 7 1 0 M Capital Plan Measure of Deferred Financial Maintenance Resource Capacity Sq. Ft Total $DM $DM/ Equivalent Remaining Sq.Ft. Additional Debt Burden Projected: $116 m/ yr. FY 11 Year End 10,059,000 $1,367,900,000 $136 or 16% After of expenses I mplementation ( total 22% ) of $710M 16

Facility condition by type of use Projected: Sq. Ft. $DM $DM/ FY 0 8 Year End Includes pro-rated cost of After Implementation of $710M Sq.Ft. utilities and roadways Housing, dining 3,935,000 310,992,763 79 Recreation, 1,249,000 134,396,381 108 Athletics (SU/ CC) Administrative 870,000 138,969,937 160 Academic 2,100,000 407,544,676 194 Offices & Classrooms Lab Buildings 1,905,000 375,996,242 197 Teaching & Research Total 10,059,000 $1,367,900,000 $136 17