O FFICE OF F INANCIAL M ANAGEMENT J UNE 6, 2013 C APITAL B UDGET C LIENT S ERVICES P RESENTATION S...
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OFFICE OF FINANCIAL MANAGEMENT JUNE 6, 2013 CAPITAL BUDGET CLIENT SERVICES PRESENTATION SANDI TRIGGS SENIOR BUDGET ASSISTANT
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Transcript of O FFICE OF F INANCIAL M ANAGEMENT J UNE 6, 2013 C APITAL B UDGET C LIENT S ERVICES P RESENTATION S...
OFFICE OF FINANCIAL MANAGEMENT
JUNE 6, 2013
CAPITAL BUDGET
CLIENT SERVICES PRESENTATION
SANDI TRIGGS
SENIOR BUDGET ASSISTANT
OFFICE OF FINANCIAL MANAGEMENT
JUNE 6, 2013
AGENCY REQUESTS EXCEED BOND CAPACITY OF $1.8 BILLION
• Agencies Requested• $5.9 billion total projects• $3.6 billion general obligation bonds
• Governor Inslee Proposed• $3.6 billion total projects• $1.8 billion general obligation bonds
• House Proposed• $3.6 billion total projects• $1.7 billion general obligation bonds
• Senate Proposed• $3.6 billion total projects• $1.7 billion general obligation bonds
OFFICE OF FINANCIAL MANAGEMENT
JUNE 6, 2013
ITEMS OF INTEREST IN PROPOSED BUDGETS
Emergency funds – Governor $8.5M, Senate $5M, House $8.5M
Construction Contingency Pool – House $8M
Emergency funds K-12 – House $5M
Higher ed preservation information – Governor and Senate allow cost to be paid through each 4-year’s appropriation for preventive maintenance based on sf inspected. House appropriates $300K to OFM from the universities building accts.
BEST studies – Puget Sound Skill Center, Lake Sammamish State Park, Olympic College; general authorization to OFM.
Alternative public works contracting procedures – HB 1466 & Budget Bill
JLARC review of land acquisitions by state agencies – Senate
OFFICE OF FINANCIAL MANAGEMENT
JUNE 6, 2013
WHERE ARE WE NOW
You are
Here
OFFICE OF FINANCIAL MANAGEMENT
JUNE 6, 2013
BUILDING A BETTER BUDGET
Project proposals should have clear narrative justification. • Stay away from boilerplate language.• Provide clear description of project justification and benefits.
Is the request for design only or design and construction?• If for design only, request should cover only the design services. Construction
management should be requested when construction funds are requested.
Identify operating costs both one-time and ongoing.
Projects of $5 million or more require predesigns and design.
Bond fund and cash flow estimates are required.
Updated minor works project lists are required.
Costs estimates• Extra services • Project management • Project contingencies• Projects on a SF basis
OFFICE OF FINANCIAL MANAGEMENT
JUNE 6, 2013
CONTACT INFORMATION
Sandi TriggsSenior Budget [email protected]
Kathy CodyBudget [email protected]
Chris ThomasBudget [email protected]
Lucy CastilloProgram [email protected]
