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E. Capital Projects (Policy D-12)
Capital Plan Summary 2012/13 - 2016/17
in $000's
l) Capital Reserve (April 1, 2010) 6,200
Sources of Financing
a) Government Support 14,920
b) Fundraising/Donations 21,310
c) College Operating 16,790 53,020
Less: Planned Capital Projects
% completed
d) Building Infrastructure, Renewal and Site Services 44% 3,650
e) Classroom/Lab/Office Renovations 3% 17,190
f) James N. Allan Campus Purchase/Renovation 0% 1,900
g) Food Service Upgrades 1% 2,480
h) School of Applied and Performance Arts (Phase 1) 23% 12,320
i) Property Acquisition/Development 10% 10,180
j) Aerospace Canada International (Phase 1) 0% 5,000
k) D-Building Metal Cladding Replacement 0% 2,500 (55,220)
l) Capital Reserve (March 31, 2015) 4,000
m) Unfunded Infrastructure Renewal (25,000)
n) Capital Reserve (closing balance) (21,000)
o) Campus Master Planning Priorities (Unfunded)
(i) C-Building Redevelopment
(scalable '000's)
$75,000 - 120,000
(ii) School of Applied and Performance Arts (Phase 2) $14,000 - 24,000
(iii) Integrated Learning Centre (Library/Learning Commons) $15,000 - 20,000
(iv) Oxford County Campus Expansion (Woodstock) $12,000 - 15,000
(v) Academic/Service Building $25,000 - 30,000
(vi) London Psychiatric Hospital (IO) Property $14,000 - 20,000
(vii) Centre for Advanced Manufacturing $10,000 - 15,000
(viii) Aerospace Canada International (Phase 2) $5,000 - 10,000
(ix) Wellness/Fitness Centre $20,000 - 40,000
DEFINITIONS
Capital Plan - is a summary of capital projects spanning five fiscal years showing their impact on the capital reserve with projected costs and
sources of financing.
Capital Project - involves the acquisition of land, or the construction of a new building or the renovation, renewal or decommissioning of an
existing building and involves a significant expenditure.
Capital Reserve - is an allocation of the Accumulated Operating Fund that enables the College to provide for future capital improvements as
defined in Board Policy D-10 (Financial Condition)
Significant - is defined as greater than 0.5 percent of operating revenues.
Unfunded Capital Project - a capital project that is not scheduled for at least five years and the source of financing is yet to be determined.
Unfunded Infrastructure Renewal (UIR) - estimated accumulated value of unfunded facilities infrastructure renewal costs and the source of
financing is yet to be determined.
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