1 / 8

2015-17 Capital Budget Overview

2015-17 Capital Budget Overview. Engineering & Architectural Services Fall Client Workshop. October 8, 2014. Capital Project Types. Public school buildings College and university buildings Prison facilities and juvenile rehabilitation facilities Mental health institutions

dean-contreras
Download Presentation

2015-17 Capital Budget Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2015-17 Capital Budget Overview Engineering & Architectural Services Fall Client Workshop October 8, 2014

  2. Capital Project Types • Public school buildings • College and university buildings • Prison facilities and juvenile rehabilitation facilities • Mental health institutions • State office buildings • Parks and recreation facilities • Low-income housing • State and local museums and cultural facilities • Local government infrastructure improvements • Wastewater and toxic waste cleanup facilities • Wildlife habitat conservation and open space projects • State land purchases Office of Financial Management

  3. Capital Projects Typically Have a Useful Life of 13 Years and Involve an Architect and/or Engineer • Construction of new buildings • Major repairs, reconstruction, and additions to an existing building • Utility, landscaping, and infrastructure work • Equipment necessary for the operation of a particular facility if the equipment is part of a construction or reconstruction project • Architectural planning and design and engineering studies for a specific capital project • Acquisition of land and buildings • Administrative costs directly related to the capital project Office of Financial Management

  4. Capital Budget History $4,487 $3,708 $3,593 $3,612 $3,369 Office of Financial Management

  5. Capital Budget Functional Area History All Funds Office of Financial Management

  6. General Fund Debt ServicePercent of Near General Fund Revenue 2013-15 debt service is $2.084 billion or 6.3% of near general fund. Office of Financial Management

  7. Projected 2015-17 bond capacity is $2 billion (Dollars in Millions State agencies have requestedalmost $4 billion more in GO bonds than available capacity. Office of Financial Management

  8. For more information, please visit: ofm.wa.gov

More Related