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Coastal Carolina University

Maintenance and Renovation Management Plan Presented by: Dr. David A. DeCenzo, President Stacie A. Bowie, Vice President and CFO. Coastal Carolina University. Coastal Carolina University.

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Coastal Carolina University

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  1. Maintenance and Renovation Management Plan Presented by: Dr. David A. DeCenzo, President Stacie A. Bowie, Vice President and CFO Coastal Carolina University Coastal Carolina University

  2. Deferred Maintenance and Repairs: the part of facilities maintenance that is postponed to align with institutional priorities and plans in a comprehensive budgeting process. Coastal Carolina University intends to fully fund its maintenance needs. * * Any funds provided by the state are appreciated and will offset those set aside from tuition for maintenance which can and will be used to keep tuition costs down. Coastal Carolina University

  3. The Facilities Management Team has compiled a maintenance schedule which projects maintenance needs and costs for all campus buildings over a twenty year period beginning in Fiscal Year 2007. • Fiscal Year 2007-2012 $ 10,052,325 Completed • Fiscal Year 2013-2017 $ 38,494,928 • $18,868,359 funded - projects in progress • $6,000,000 funded - projects not yet in progress • $13,626,569 to be funded • Fiscal Year 2018-2022 $ 12,765,061 • Fiscal Year 2023-2027 $ 36,068,870 Coastal Carolina University

  4. Coastal Carolina University

  5. Coastal Carolina University 20 Year Maintenance and Renovation Plan – Singleton Building

  6. Sources of funds for maintenance plan execution: • Tuition allocation of $150 per semester for full time students and $10 per graduate credit hour – allocation amount remains unchanged since Fall 2007 • Institutional Capital Project Funds (ICPF) - unused Debt Service set aside funds mandated to be used for Capital or Renovation Projects. • Auxiliary Revenue from Student Housing and Dining Services • Unanticipated Growth/Expense Savings • Penny Sales Tax – can be used for capital projects, land purchases, renovations or payment of debt service Coastal Carolina University

  7. * Required funding: $13.6 million to complete maintenance and renovation projects in current 5 year plan. * Excess funding applied to FY2018 – FY2022 maintenance plan Coastal Carolina University

  8. Coastal Carolina University

  9. Coastal Carolina University

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