Financial Plan - Cornell University Division of Budget & Planning

MProjected Maintenance Funding – Ithaca CampusMaintenance Inventory(dollars in millions)Actual Forecast Plan Proj. Proj. Proj. Proj.06-07 07-08 08-09 09-10 10-11 11-12 12-13Endowed Ithaca1. Beginning Inventory $101.0 $118.4 $122.6 $127.8 $129.0 $136.8 $147.92. Maintenance Projects 33.0 20.5 32.8 34.1 35.4 36.9 38.53. Operational Funding (15.6) (15.7) (16.3) (16.9) (17.6) (18.3) (19.0)4. Capital Funding (0.6) (11.3) (16.0) (10.0) (7.5) (15.0)5. Year-End Inventory 118.4 122.6 127.8 129.0 136.8 147.9 152.4Residence Facilities6. Beginning Inventory 67.1 67.4 75.1 82.1 89.3 96.5 103.07. Maintenance Projects 14.2 14.0 13.5 14.2 14.9 15.6 16.48. Operational Funding (4.8) (4.9) (5.0) (5.5) (5.8) (6.1) (6.4)9. Capital Funding (9.1) (1.4) (1.5) (1.5) (1.9) (3.0) (2.9)10. Year-End Inventory 67.4 75.1 82.1 89.3 96.5 103.0 110.1Contract Colleges11. Beginning Inventory † 505.7 504.2 510.5 491.7 481.6 479.6 474.912. Maintenance Projects 8.5 16.8 17.8 18.9 20.0 21.3 22.513. Operational Funding (4.0) (4.5) (4.5) (5.0) (5.0) (5.5) (6.0)14. Capital Funding (6.0) (6.0) (32.1)*(24.0) (17.0) (20.5) (19.9)15. Year-End Inventory 504.2 510.5 491.7 481.6 479.6 474.9 471.5Ithaca Campus Total16. Beginning Inventory 673.8 690.0 708.2 701.6 699.9 712.9 725.817. Maintenance Projects 55.7 51.3 64.1 67.2 70.3 73.8 77.418. Operational Funding (24.4) (25.1) (25.8) (27.4) (28.4) (29.9) (31.4)19. Capital Funding (15.1) (8.0) (44.9) (41.5) (28.9) (31.0) (37.8)20. Year-End Inventory 690.0 708.2 701.6 699.9 712.9 725.8 734.0Notes:• This table provides a projection of building maintenance activity, the funding of maintenance costsfrom operating and capital plans, and the inventory of unfunded maintenance for the Ithaca campusthrough 2012-13. Excluded are utilities, parking, and information technology projects. The projectedyear-end inventory of unfunded maintenance is for planning purposes only, and illustrates the potentialneed for maintenance resources beyond those already identified in operating and capital plans.• There are three categories of building maintenance: routine, preventive, and planned. Maintenanceneeds and projects are identified annually. Most routine and preventive activities are funded and completed.Some planned maintenance is deferred due to timing issues or lack of funding.• The lines labeled maintenance projects include routine and preventive activities and additions to theplanned maintenance inventory. The projection of such projects through 2012-13 was made using amodel developed by the Association of Higher Education Facilities Officers.• Operational funding is that portion of total maintenance funding that is expended on routine andpreventive activities and planned maintenance, and includes the use of operating reserves. It excludescertain administrative costs and debt service.• Capital funding is from projects in the capital plan, not all of which have been approved or funded.The impact of capital funding is shown in the year that the project is expected to be completed.† The beginning maintenance inventory for the contract colleges has been revised based on a comprehensivefacilities review that the State University Construction Fund conducted in the spring of 2007.* Capital funding for contract college facilities maintenance reflects the initiation of the 2008-2013 StateUniversity Capital plan beginning in 2008-09.72