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December 12, 2011

Strategic Budget & Planning Council Capital Improvements Plan. December 12, 2011. Four Campuses on 4,100 acres of land Over 300 buildings totaling 4.5M square feet constructed since 1888 Self-Maintained Utility Infrastructure:

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December 12, 2011

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  1. Strategic Budget & Planning Council Capital Improvements Plan December 12, 2011

  2. Four Campuses on 4,100 acres of land • Over 300 buildings totaling 4.5M square feet constructed since 1888 • Self-Maintained Utility Infrastructure: • Kingston Campus water system served by wells & 1M gallon storage tank • Kingston Campus high voltage electrical system • Kingston Campus steam plant and steam distribution system • Co-owner of the Regional Wastewater System (with South Kingstown and Narragansett) with responsibility for waste water collection systems on the Kingston and Bay Campuses • Extensive roadway, parking, and walkway infrastructure & landscaped grounds

  3. CIP Funding Sources • General Obligation Bonds (State of Rhode Island) • Rhode Island Capital Plan (RICAP) Funds (State of Rhode Island) • Rhode Island Health and Educational Building Corporation (RIHEBC) Bonds • Private Funds • Grants (Government & Private) • Certificates of Participation (COP) • University Funds • Rhode Island Economic Development Corporation (RIEDC)

  4. Capital Investments & Funding Sources 1991 - 2011 Over $831M invested in New Construction, Renovation and Infrastructure over the last 20 years (exclusive of Asset Protection expenditures) supported by a spectrum of funding sources * Including Auxiliary/Enterprise funds

  5. Capital Investments & Funding Sources 1991 - 2011

  6. Capital Investments & Funding Sources 1991 - 2011

  7. Historic Development of University (square footage)

  8. State-Level Review and Approval Process for the University’s CIP - FY 2013-2017 • The University’s annually-updated Capital Improvement Program forwarded to State Budget Office through the Office of Higher Education – July 2011 • Review and Approval by the Board of Governors – August 2011 • State Capital Advisory Committee hearing leading to the formulation of recommendations to the Governor – September 2011 • Capital Improvement Program reflected in the Governor’s State Budget submitted to the Legislature – February 2012 • Board of Governors, Governor and Legislative approvals required for non state bond financing or capital leases for University projects – June 2012 • State Budget and Capital Improvement Program approved by the Legislature and the Governor - June 2012

  9. CIP Evaluation Criteria & Utility Cost Analysis • Program Enhancement • Sustainability • URI Brand Enhancement & Business Plan • RI Economic Development

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