LUSD Facilities Master Plan | Page 83

Section Six F i n a n c i a l Livingston Union School District | Facilities Master Plan P l a n n i n g Funding Options Report October 2016 New Construction Modernization New Construction funding may be used to purchase and/or build new schools or classrooms for eligible K-12 students. Eligibility for funding is based on enrollment projections and seating capacity in the Distr ict. The District must provide an equal match to the State’s contribution to the projects. SFP Modernization program funding may be used for the renovation and/or replacement of existing buildings. This funding may not be used to increase the capacity at a site. Modernization eligibility is site-specific and is generated by permanent buildings over 25 years of age and portable buildings over 20 years of age. The District must provide a match equal to 40% of the total State estimated project cost. For New Construction, the SFP requires a district to select one enrollment projection model (per High School Attendance Area) from a list of approved methodologies. The table below utilizes the highest enrollment projection for the purpose of determining the District’s New Construction eligibility. The District’s 2015/16 New Construction eligibility update has been prepared for review by the District. Since New Construction eligibility is only valid until October 31 of each year, it must be recalculated annually. The eligibility estimate included in this report will remain valid through October 2016. The eligibility figures below do not include augmentations such as site acquisition or site development. The District may apply for funding after receiving CDE and DSA approval of the project plans containing new classroom capacity. Please note this New Construction eligibility includes a drawdown for projects already approved by the State Allocation Board (SAB) or submitted and pending action. Currently, the District has modernization eligibility totaling approximately $3,961,128 in base grant State funding that may be requested as soon as project plans receive DSA and CDE approval. The District would be required to provide a match of $2,640,752 to access this funding. The dollar amounts reflect an augmentation for permanent fifty year old and older buildings where applicable. However, the amount does not include other augmentations for which the District may be eligible. For example, schools with permanent facilities over fifty years old may qualify for additional augmentations for utility work. Please note, this Modernization eligibility includes a drawdown for projects already approved by the SAB. The following table shows the District’s 2015/16 Modernization eligibility by site. Proposition 51 will provide $3 billion in Modernization funding. Proposition 51 will provide $3 billion in New Construction funding. TABLE 2: 2015/16 NEW CONSTRUC TION ELIGIBILIT Y Grade Level K-6 7-8 Non-Severe SDC Total TABLE 3: 2015/16 MODERNIZ ATION ELIGIBILIT Y Eligibility State Share District Share Total 262 59 13 334 $ 2,788,235 $ 661,324 $ 259,792 $ 3,709,350 $ 2,788,235 $ 661,324 $ 259,792 $ 3,709,350 $ 5,576,470 $ 1,322,647 $ 519,584 $ 7,418,701 The new construction funding estimates shown above were calculated utilizing the 2016 grant amounts approved by the SAB on February 24, 2016. School Site Campus Park Elementary Selma Herndon Elementary Yamato Colony Elementary Livingston Middle Total Eligibility State Share District Share Total 153 177 510 0 840 $846,429 $1,049,709 $2,064,990 $0 $3,961,128 $564,286 $699,806 $1,376,660 $0 $2,640,752 $1,410,715 $1,749,515 $3,441,650 $0 $6,601,880 81