Date: 12/01/2010
Final
OSPB Presentation of FY 2011-12 Capital Requests
COMMITTEE ON CAPITAL DEVELOPMENT
| Votes: View--> | Action Taken: |
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08:56 AM -- Office of State Planning and Budgeting Presentation of FY 2011-12 Capital Requests
Ms. Lisa Esgar, Deputy Director, Governor's Office of State Planning and Budgeting (OSPB), presented OSPB's prioritized list of FY 2011-12 capital construction requests. Committee members received a document outlining the office's priorities, prepared by OSPB (Attachment A). Ms. Esgar first addressed earlier questions regarding the planning process for capital projects, explaining the various documents that are processed by offices and stake holders during the capital request process. Ms. Esgar next provided an overview of the process by which OSPB prioritizes capital requests, and the criteria considered in doing so.
09:06 AM
Ms. Esgar continued to brief the committee on OSPB's FY 2011-12 capital construction priorities, and discussed the funding required to cover these priorities. Ms. Esgar briefly discussed the top priorities on OSPB's priority list, along with the projects that were prioritized for which funding is not likely available.
09:16 AM
Ms. Esgar discussed the reason for discrepancies between OSPB's list of capital priorities and the Colorado Commission on Higher Education's list. Ms. Esgar then continued briefing the committee on OSPB's capital priorities. Ms. Esgar provided an overview of FY 2011-12 cash-funded capital requests from state departments, and the sources of revenue for the cash projects.
09:26 AM
Ms. Esgar continued briefing the committee on FY 2011-12 state department cash-funded capital requests. Ms. Esgar responded to questions regarding the amount of Federal Mineral Lease Fund moneys available for capital projects. Ms. Esgar responded to further questions regarding the balance in the Corrections Expansion Reserve Fund (CERF) available for capital projects, and the reasons for shortfalls in revenue for capital projects within the Department of Corrections. Discussion ensued regarding the use of CERF moneys in recent years, and the connection between the passage of legislation that is projected to increase the prison population and deposits of money in the CERF.
09:36 AM
Ms. Esgar discussed the state's capital construction certificates of participation (COP) payment obligations for FY 2011-12. Ms. Esgar then discussed FY 2011-12 controlled maintenance needs, and the controlled maintenance process in general. Discussion ensued regarding planning for depreciation of the state's capital construction inventory, and the current accounting process for assessing this depreciation.
09:46 AM
Ms. Esgar discussed the inflation factor allowed for FY 2011-12 capital requests, and forthcoming capital construction supplemental requests for ports-of-entry projects. Ms. Esgar then discussed the Adams County Youth Services Center replacement project. Ms. Esgar finally discussed the required General Fund transfers for FY 2011-12 and FY 2012-13 to cover OSPB's capital construction priorities.