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DE0201G - BPW Construction Contingency Fund

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DE0201G - BPW Construction Contingency Fund
DE0201G

General State Facilities

Board of Public Works/Department of General Services



Construction Contingency Fund (Statewide)

GO Bonds $1,000,000 Recommendation: Approve





Bill Text: Provide funds to be credited to the Construction Contingency Fund to be administered in

accordance with Section 3-609 of the State Finance and Procurement Article.





Project Description: The Construction Contingency Fund (CCF) provides funds for State

construction projects that exceed their previously authorized amounts or to cover change orders

during project construction. These funds may not be used for non-authorized projects.





Comments: The State Finance and Procurement articles allow a maximum of .75% of the current

year general obligation bond appropriation to go to the CCF. That maximum comes to $4.913

million in fiscal 2005. Historical data suggests that the proposed $1 million would be sufficient to

meet fund requirements for fiscal 2005. Future needs for the fund are evaluated each year to make an

accurate assessment of the needs. Therefore, while no future appropriation is listed, the fund balance

will be evaluated each year. The fund balance rests at $1.87 million as of calendar 2003.



When capital projects are completed with remaining funds, any amounts between $10,000 and

$100,000 is reverted to the CCF. Amounts under $10,000 go to the Bond Annuity Fund, and

amounts over $100,000 are deauthorized by the Department of Budget and Management.









For further information contact: Martin L. Levine Phone: (410) 946-5530



Analysis of the FY 2005 Maryland Executive Budget, 2004

1

DE0201G – BPW/DGS – General State Facilities





Exhibit 1

Calendar 2003 Fund Activity

Beginning Balance (January 2003) $687,663

Fund Transfer 732,516

FY 2004 Appropriation 1,000,000

Return of Unused Funds 182,690

Subtotal Available Funds $2,602,869

Authorized Use in Calendar 2003

Groundwater Remediation/Repair Two Facilities 165,000

Springfield Hospital Food Service Center 565,000

Total $730,000

Year End Balance $1,872,869

Source: Department of General Services









Project Data

Prior Program Activity – All Fund Sources

($ in Millions)





FY 2000 FY 2001 FY 2002 FY 2003 FY 2004





Expenditures Not Available Not Available $2.216 $2.457 $0.950



Authorization Summary

($ in Millions)



Funds Balances

To be To be

Fiscal Year Authorizations Encumbered Expended Encumbered Expended





Prior Years $7.758 $7.758 $7.758 $0.000 $0.000



*Transfers $8.173 $7.300 $5.435 $0.873 $2.738



2004 $1.000 $0.000 $0.000 $1.000 $1.000



Totals 16.931 15.058 13.193 1.873 3.738

*Prior years includes only new authorizations from 1990 through 1998. Capital funds that were transferred to the CCF, by

BPW action and in accordance with the policy established with the budget committees in 1999, for capital project close

out procedures, are shown as noted.





Analysis of the FY 2005 Maryland Executive Budget, 2004

2

DE0201G – BPW/DGS – General State Facilities





2003 2004 2005 2006 2007 2008 2009

Description Approp. Approp. Request Estimate Estimate Estimate Estimate





GO Bonds $0.000 $1.000 $1.000 $0.000 $0.000 $0.000 $0.000



($ in Millions)



Prior 2005 2006 2007 2008 2009

Description Authorization Request Estimate Estimate Estimate Estimate





Construction $7.208 $1.000 $0.000 $0.000 $0.000 $0.000





Total Project Cost: $8,208,000









Recommended Actions

Approve.









Analysis of the FY 2005 Maryland Executive Budget, 2004

3


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