Good Places to Learn: Stage 2 Funding Allocation - Financial ...

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urgent since the inspections were completed. Any change requests in the renewal needpriority are intended to provide the boards with greater flexibility to address the changesin renewal needs since the inspection. These requests will not be used to re-calculatethe Stage 2 allocation.Only renewal needs identified by PPTI during the initial inspection are eligible to beconsidered to have their priority updated. In order to escalate a low or a medium priorityto a high or urgent level, boards are required to submit an excel file of the priorities to beescalated and the rationale for escalation.For more information on how to update renewal need priorities in ReCAPP,please refer to Appendix F: Updating Renewal Priorities in ReCAPP. The Ministrywill review and approve these requests, and submit them to PPTI to update theReCAPP database.Stage 2 FinancingIn August 2005, Memorandum 2005:B7 indicated to boards that pending thearrangement of a long-term financing vehicle for the GPL initiative, boards were to shorttermfinance projects being undertaken and the Ministry would fund the short-terminterest costs associated with the projects.The Ministry will fund the short-term interest costs of Stage 2 renewal work in 2006-07.The interest cost recognized for funding will continue to be the three-month Bankers’Acceptance rate plus 13 basis points. For boards that borrow against internal reservesto support GPL Stage 2 projects, funding in 2006-07 will be recognized at the threemonthBankers’ Acceptance rate on September 1, 2006.The Ministry will begin funding short-term financing costs for GPL Stage 2 projects as ofSeptember 1, 2006. Although boards can attribute eligible work undertaken sinceJanuary 1, 2006 against their Stage 2 renewal allocations, the Ministry will not provideboards with short-term financing costs for the period from January 1, 2006 to August 31,2006.Renewal DatabasesThe Good Places to Learn initiative is an effort to address current renewal needs, as wellas supporting good management practices and decision-making regarding the facilitiesin the future. Accordingly, part of the initiative was the installation of facilitiesmanagement software 3 and the creation of databases for each board.3 The facilities management software, ReCAPP is a tool designed to help boards identify renewal needs forthe capital planning cycle. It will also allow consistent reporting across the province with respect to schoolcondition. As indicated in Memorandum 2005:B4, boards will have access to their individual ReCAPPdatabases upon signing their licensing agreements with PPTI. This access will allow boards to update theirschool building condition assessment information developed from the inspections of all schools and will alsoMinistry of Education Page 6 of 191Good Places to Learn: Stage 2 Funding Allocation (Revised February 12, 2007)
District school boards are receiving additional funding through the Grant for SchoolOperations for the ongoing licensing and hosting fees associated with the ReCAPPsoftware package. Boards receive the lesser of the amount specified in Table 8 of the2006-07 Grant Regulation, Amount for Renewal Software Licensing Fee, and theamount actually expended by the board for the licensing and hosting fees as reported inthe 2006-07 Financial Statements.Boards have had access to their ReCAPP databases since 2005. As part of theMinistry’s accountability framework and the ongoing management of the Good Places toLearn Stage 1 and Stage 2 initiatives, boards are required to update information in theirdatabase to reflect renewal projects completed and/or underway.assist boards in selecting projects and developing effective school renewal programs. In conjunction with thedevelopment of long-term capital plans, school boards are required to update their databases to reflectcurrent renewal projects as well as aid in the planning process.Ministry of Education Page 7 of 191Good Places to Learn: Stage 2 Funding Allocation (Revised February 12, 2007)
Page 1 and 2: Good Places to Learn:Stage 2 Fundin
Page 3 and 4: enewal needs were attributed to eac
Page 5: Total 5-year High& UrgentRenewal Ne
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Page 11 and 12: DSBBoard NameTotal 5-yearRenewalNee
Page 13 and 14: Appendix C: High and Urgent Renewal
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DSBBoard NameGSNAllocation(from Jun
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APPENDIX E: PROGRAM NEEDS CALCULATI
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APPENDIX F: UPDATING RENEWAL PRIORI
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Example of an extract from the ReCa
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