Boulder Valley School District Educational Facilities Master Plan

Boulder Valley School DistrictEducational Facilities Master PlanExhibit 8-1 below shows the fully funded model based on the deficiencies identifiedthrough the assessment process.Exhibit 8-1Fully Funded Deficiency ModelBVSD SchoolsCategoryRatings FCA PCA MUOF IT Totals1 $6,614,179 $115,648,415 $15,690,739 $11,000,000 $148,953,3332 $40,105,693 $48,758,781 $5,295,897 $6,000,000 $100,160,3713 $59,907,970 $4,486,958 $3,870,475 $2,500,000 $70,765,4034 $39,343,354 $19,926,980 $7,969,592 $12,500,000 $79,739,9265 $6,814,265 $0 $6,814,2656 $63,292 $63,2927 $3,472,781 $3,472,781Subtotals $156,321,534 $188,821,134 $32,826,703 $32,000,000 $409,969,371Rebuild Casey $30,915,560 $30,915,560Rebuild Columbine $18,094,700 $18,094,700Subtotal $49,010,260Total $458,979,631Once the prioritization models for each category were in place, the CIPC developed fourproposed funding models. The models included specific amounts for FCA, PCA, MUOF, and ITranging in amounts from $212,000,000 to $459,000,000 (fully funded model). Using theprioritization models adopted by the committee, the level of funding in each category wasdetermined for each of the models.It became apparent that funding below the $260,000,000 level would not provide equity acrossthe district, level of facility improvements that was required to meet the committee’s guidingprinciples and the public survey results. Likewise, the committee felt it was not financiallyresponsible to consider the fully funded model of $459,000,000. A $267,000,000 model wasstudied in detail and it too was found to be wanting when the indirect costs associated with aproject were deducted. It became obvious that in order to make a positive impact on theDistrict’s facilities in all four of the assessment categories (FCA, PCA, MUOF, and IT) a fundingmodel in excess of $300,000,000 would need to be considered. A funding model of$317,000,000 was therefore established and was presented to the Board in a work session onApril 27, 2006. The Board, while in general agreement on the need, requested the committee tomake a final review to ensure all potential cost savings were examined.District staff and MGT proceeded to study and value-engineer the $317,000,000 model.Savings in excess of $20,000,000 were identified that did not measurably reduce the overallimpact on the District’s facilities. These savings included changing Columbine’s improvementsfrom a new facility to a remodel/addition, re-evaluation of Arapahoe Ridge/TEC program needs,and a more equitable distribution of funding for charter schools. A $296,800,000 funding modelresulted was unanimously accepted by the committee at its May 17, 2006 meeting.Capital Improvement Planning Committee May 2006 Page 106