Capital Financial Plan

Transcription

1 Capital Financial Plan 06-6

2 University of California Office of the President Capital Asset Strategies & Finance Franklin Street, 6th Floor Oakland, California Cover photo: UCSB Library Photo credit: Elena Zhukova

3 Foreword On March 9, 868, the California State Legislature granted a charter for the organization of a state university to be known as the University of California ( UC ) and to be a public, Statesupported, land-grant institution. The State Constitution established UC as a public trust to be administered under the authority of an independent governing board, the Regents of the University of California ( Regents ). Designated as the primary State-supported academic institution for research, the University is the public postsecondary segment primarily responsible for awarding the doctorate and many professional degrees in areas such as medicine and law. Campuses and UC Health: The University of California system encompasses ten campuses, five medical centers, seventeen health professional schools, five law schools, and the State s only public veterinary school. The ten campuses are located in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz. All of the campuses, except San Francisco, offer undergraduate, graduate, and professional education; the San Francisco campus is devoted exclusively to health sciences graduate and professional instruction. UC Health provides leadership and strategic direction for UC s academic medical centers and health professional schools. Agriculture and Natural Resources: The Division of Agriculture and Natural Resources ( ANR ) is a statewide research and public service organization that serves a large and diverse agricultural community. The ANR conducts studies on the Berkeley, Davis, and Riverside campuses and at nine Research and Extension Centers spread across the State. In addition, research and educational programs are conducted in each of the State s 58 counties CAPITAL FINANCIAL PLAN The 06-6 Capital Financial Plan ( CFP ) delineates the University s multi-year program of proposed capital construction and renovation. Submitted annually for acceptance by the Regents, the CFP incorporates the following required reports: The Annual Budget for State Capital Improvements; The University of California Five-Year Capital Outlay Plan for State Funds; and The Annual Report on Campuses Ten-Year Capital Financial Plans. The CFP presents proposed capital projects for each campus and the ANR, within the context of campus goals and needs, current economic conditions, and specific circumstances. However given the University s financial resources, the CFP does not encompass all of the University s capital needs. The projects included in the 06-6 Capital Financial Plan have been reviewed for suitability of their scope and budget. The CFP includes projects funded with debt financing, gifts, campus funds, hospital reserves, auxiliary reserves, grants, and includes a few projects being implemented via public private partnerships.

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5 Table of Contents Foreword Perspective to 0- Program Summary to 0- Funding by Location... CAMPUS CAPITAL PROGRAMS How to Read the Campus Tables... 3 Berkeley... 4 Davis... 6 Irvine... 9 Los Angeles... Merced... 5 Riverside... 6 San Diego... 8 San Francisco Santa Barbara... 3 Santa Cruz Division of Agriculture and Natural Resources... 36

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7 Perspective The capital improvement program for the University of California ( UC ) stems from the University s Charter of 868: Sec. 5. The Regents shall devise, and with the funds appropriated for that purpose cause to be constructed, such buildings as shall be needed for the immediate use of the University. Since the first permanent building was completed in 873, the inventory of the Regents capital assets has grown to include approximately 33 million gross square feet of space in over 5,970 buildings,,900 of which are buildings that are at least 0,000 gross square feet (gsf). These buildings include classrooms, offices, laboratories, specialized research facilities, libraries, and residential space to house students. Even more space must be added to accommodate enrollment growth and expanding programs as well as to meet UC s strategic goals. UC must maintain and upgrade its facilities, more than half of which are at least 30 years old. The capital requirements for just the current fiscal year of 06-7 and the next five fiscal years are estimated to be $4.6 billion. In 0, the University commissioned a study of its economic contribution to the State. 3 In addition to the economic benefits to the State arising from the instruction and research enterprise, benefits also accrue from capital investment in the University. UC expenditures for construction create jobs and economic stimulus for suppliers such as architects, engineers, builders and construction workers, who in turn recirculate these earnings in the local and regional economies. A construction program such as the one proposed Constitution of California, Article 9, Section 9. Corporate Equipment and Facilities System, 05 data. 3 Economic & Planning Systems, Inc., The University of California s Economic Contribution to the State of California, EPS #030 (September, 0). by the University of California in the 06-6 Capital Financial Plan could generate approximately 95,000 full-time equivalent jobs per year. The Office of the President works with the campuses by providing guidance and perspective relative to Regental and State policies and expectations. The 06-6 Capital Financial Plan reflects campus priorities as identified in the list of projects scheduled in the multi-year capital financial plan presented for each campus. CAPITAL PLAN SUMMARY The 06-6 Capital Financial Plan ( CFP ) presents the University s capital plan for the next decade. The CFP focuses on the current (06-7) and the next five fiscal years these six years are collectively termed the current term and represent the projects that are in the near-term planning horizon. The last four years are provided to give the current term projects a broader planning context. Program Categories for 06-7 to 0- Capital Projects Education & General. Projects that support the $ billion academic mission of the University. Auxiliary Enterprises. These enterprises are noninstructional support services provided primarily to 4.34 billion students, faculty, and staff. Programs include student residences and dining services, parking, bookstores, faculty housing, etc. Medical Centers..776 billion Total $4.556 billion The 06-6 CFP shows a significant increase in auxiliary projects reflecting UC s urgent need to provide housing to its undergraduate and graduate students. A program summary of the 06-6 Capital Financial Plan may be found on page 0. CAPITAL FINANCIAL PLAN 06-6

8 CAPITAL PLANNING AT UC The major factors that guide capital planning for the University of California are: Preservation of existing capital assets through investment in the renewal of facilities, including seismic correction and systems modernization. Enrollment demand, consistent with the University s commitment to student access. Innovation and change in academic and research program needs facilities must be upgraded to handle technology advances and the changing nature of academic programs and research. Preservation of Capital Assets An essential activity in support of UC s core mission of instruction, research, and public service is the operation and maintenance of facilities, grounds, and infrastructure. Nearly 60% of the University s State-supportable space is more than 30 years old, with 4% of that space built between 950 and 980, as shown in Display A. Display A: Space by Decade of Construction (Gross Square Feet in Millions) State-Supportable Space Non-State Space s 950s 970s 990s 00s Deferred maintenance is the unaddressed backlog of renewal resulting from chronic underfunding of ongoing operation and maintenance of plant ( OMP ) support and the lack of regular and predictable investment in capital renewal. The University s aging facilities are more expensive to maintain, and, with building systems at or beyond their useful life, are a principal driver of the University s escalating deferred maintenance and capital renewal needs. Moreover, specialized research facilities comprise a growing percentage of the University s inventory of State eligible space. These facilities strain limited OMP funds with higher maintenance and utility costs. Starting in the mid-990s in recognition of more than two decades of chronic underfunding of the University s OMP needs the State acknowledged the need to provide funding through various strategies. Funding agreements with three former Governors (Wilson in , Davis in , and Schwarzenegger in 003-0) attempted to tie OMP funding to annual base budget adjustments; however, ensuing fiscal crises prevented most of these adjustments from occurring. OMP funding was eventually included in the renegotiated marginal cost of instruction formula (related to enrollment growth) in , but marginal cost funding has not been provided since 00-. Thus, the State funding for OMP has been inconsistent and unpredictable for forty years and has resulted in a formidable deferred maintenance backlog. Governor Brown and the Legislature have recognized that deferred maintenance is a serious issue. In 05-6, the State designated $0 million in one-time General Fund deferred maintenance funding to State agencies, with $5 million provided to the University. The Governor s 06-7 budget included $500 million in one-time funding for deferred maintenance, of which the University s received $35 million. In fiscal year 06-7 and the next five years thereafter, approximately $.3 billion of the CFP would support Facilities Modernization projects that address technological obsolescence, systems improvements, and space functionality. The Infrastructure Deficiencies category UNIVERSITY OF CALIFORNIA

9 includes seismic and other life safety needs, and totals approximately $.9 billion. Enrollment Demand In recent decades, enrollment growth has been a critical determinant of the University s need for new and renovated space. The University s undergraduate enrollment planning stems from UC s student access requirements under the 960 Master Plan for Higher Education and specifies that the top.5% of California high-school graduates, as well as transfer students from California Community Colleges who have successfully completed specific requirements, shall be eligible for admission to the University. In November 05, the Board of Regents approved a budget plan to enroll an additional 0,000 California undergraduates over three years starting in Approximately $5.6 billion of the CFP would support projects to accommodate previous and potential Enrollment at several campuses. The proposed funding for enrollment projects is significantly higher in this year s plan compared to last year s. To support enrollment growth, the Merced campus s capital program includes the Merced 00 Project, which is currently in construction. This project represents $.3 billion in the current term of projects. Innovation and Change in Academic and Research Programs The University s need for different types of specialized space has been influenced by both rapid advances in technology and the changing nature of academic programs. Academic programs must continue to operate at the forefront of learning by developing and using innovative processes and technologies that support discovery and expand knowledge that fuels economic growth in California. Cross-disciplinary initiatives are changing space needs. As science, industry, and commerce evolve, so must the academic programs responsible for preparing students and conducting research. To accommodate these changes, existing academic facilities must be renovated and updated. Approximately $4.8 billion of the CFP would support Program Improvements that address program changes or new programs. FUNDING PLAN Throughout its history, the University has relied on a wide range of fund sources to support its capital program, including State funds, gifts, grants, University equity funds (derived from auxiliary enterprise revenues, certain fees and other discretionary resources), and long-term debt financing. Display B: Fund Sources for 06-7 to 0- Capital Projects Gift Funds % External Finance 48% Campus Funds 3% Hospital Reserves 7% State 0.08% The projects proposed in the Capital Financial Plan rely on a diverse array of fund sources. The funding for public private partnerships ( P3 ) shown here only represents a portion of this dynamic portfolio. For the current fiscal year (06-7) and the next five fiscal years thereafter, approximately $7. billion of the funding plan is expected to come from external financing. The external financing includes $56 million of debt associated with State projects funded via the mechanism enabled in recent provision changes to the Education Code. With the decline in State support for the University, the University now relies more on its own limited resources to fund capital projects. In particular, external financing plays a greater role in funding capital needs. While the University continues to have significant capital needs, its current financial status presents limited capacity for additional debt. In response to debt capacity and capital planning concerns raised by the Regents, and in consultation with the P3 6% Auxiliary Reserves 4% Grants 0.% systemwide Debt Strategy Task Force, the Office of the CAPITAL FINANCIAL PLAN

10 President has developed a Debt Policy to govern the University s use and management of debt. In November 06, the Regents adopted the University of California Debt Policy. Given the implications of long-term financing commitments, campuses provide a pro forma analysis of the financial feasibility of planned debt-financed projects. For the CFP, campuses analyzed the affordability of the proposed debtfunded projects on a ten-year pro forma basis, with the additional debt burden measured against certain metrics specifically, modified cash flow margin and either debt service to operations or expendable resources to debt, and for auxiliary projects, project debt service coverage and auxiliary system debt service coverage. The campus metrics are analyzed again when external financing is requested at the time of individual project budget approval. Medical center projects with a debt component are analyzed based on the respective medical center s financial projections; metrics such as pro forma net income margin, debt service coverage, and days cash-on-hand are considered in the analysis. The remaining $7.5 billion in funding for capital projects slated for this current fiscal year and the next five years is supported by the following non-state resources. Campus funds, including indirect cost recovery on sponsored contracts and grants, gift assessments, and investment earnings. Gift funds, including those in-hand, pledged, and to be raised. The University s fundraising efforts remain highly successful. In the fiscal year ending June 30, 05, for the first time in its history, the University surpassed the $ billion mark setting a new record in philanthropic giving for the University. 4 Projects dependent upon gifts are advanced when funding targets have been achieved. 4 University of California, Annual Report on University Private Support, Grants, including State and federal. Campuses aggressively pursue State and federal grants to fund capital projects. Grant funds can be used to cover direct capital expenditures. Public Private Partnerships. The University has extensive experience utilizing public private partnerships for capital. Most notably in November 06, the Regents approved the Merced 00 Project with an estimated value of $.3 billion. Financial challenges require each campus to consider carefully how to deploy resources to optimize the benefits to academic programs and the campus mission as a whole. In the absence of significant State funding, campuses must make urgent funding decisions for critical projects that cannot be delayed. In some cases, those campuses with available resources may choose to redirect non-state funds to projects that otherwise would have been funded with State resources. A summary of the funding plan, including a breakout by campus, may be found on page (Funding by Location) BUDGET FOR STATE CAPITAL IMPROVEMENTS State funding for capital projects has shrunk in the last decade because of the recent economic downturn and the State s goal to reduce overall bond debt. The last general obligation bond measure was passed in November 006. With the State s economic recovery continuing, the University continues to advocate for a future general obligation bond measure to support UC s core academic capital needs. In 03-4 Sections 9493, et seq of the Education Code were amended to allow the University of California to use its State General Fund allocation, with certain conditions, to service debt for the design, construction, and equipping of academic facilities, to address seismic and life safety needs, enrollment growth, modernization of out-of-date facilities, or renewal or expansion of infrastructure to serve academic programs. 4 UNIVERSITY OF CALIFORNIA

11 These provisions authorize the University to use its State General Fund support appropriation to make debt service payments on its general revenue bond (GRB) program for projects that have been approved by the State. However, the Education Code stipulates that the University manage its GRB program so that not more than 5% of its annual State General Fund support allocation is used for GRB debt service for capital expenditures, pay-as-you-go capital outlay projects, and formerly approved general obligation bond and State Public Works Board rental payments. In June 05, the State passed Senate Bill No. 8, which amended the Education Code to allow the University to pledge a portion of its State General Fund appropriation, subject to the aforementioned 5% cap, to make availability payments, lease payments, installment payments, and other similar payments for the financing of capital expenditures. This amendment provides the University with greater flexibility to use its support appropriation for alternative financing options. Display C: 07-8 Budget for State Capital Improvements Campus Project State Phases Non-State Phases Berkeley Fulton Seismic C Demolition Berkeley Giannini Hall Seismic P/W Safety Berkeley Evans Hall & Hearst Memorial Gym Seismic S / P (partial) Studies Irvine Interdisciplinary D / C D / C / E Sciences Los Angeles Franz Tower Seismic C P / W / C Renovation Los Angeles CHS-NPI Seismic C P / W / C Corrections San Francisco Health Sciences D Instruction & Research Life Safety Capital Projects $M $0M Systemwide Deferred Maintenance $ 50M Total $6M $0M Phases: S Study P Preliminary Plans W Working Drawings D Design C Construction E Equipment To arrive at the current 07-8 Budget for State Capital Improvements, the University utilized a new three-year approach to planning for funding of the State capital program. The University is implementing a funding model that targets two major capital components: () deferred maintenance and () campus projects that address seismic and life safety issues or enrollment growth needs. These priorities were examined in the context that campuses and the system benefit from a multi-year approach to budgeting and project planning. Although capital projects are approved for funding in one year, these projects take multiple years to complete. The proposed 07-8 Budget for State Capital Improvements totals $6 million and reflects these two capital priorities (refer to Display C). Systemwide Deferred Maintenance Program The proposed 07-8 Budget for State Capital Improvements include the first phase of a systemwide deferred maintenance program to: () fund existing deferred maintenance as a match to any one-time 07-8 State funds received for deferred maintenance and () perform facility assessments on State eligible space (refer to Display C). The proposed deferred maintenance program recommends funding to perform Facility Condition Assessments (FCA) to evaluate the University s State-supportable capital asset portfolio. The FCA will capture a comprehensive capital asset inventory (e.g. buildings; structures; mechanical, electrical, and plumbing systems; water, electric, gas, and sewer utilities; and supporting infrastructure, including roads, walkways, and bridges), identify deficiencies with the assets, associate costs for replacement or repair, assign risk and prioritization scores to the assets, and deliver a credible deferred maintenance and capital renewal forecast for State eligible space. In addition to the assessments, the program proposes to partner with the State in funding existing deferred maintenance projects. The University is proposing to match the 07-8 UC General Fund allocation (up to $35 million) for deferred maintenance work for State-supportable space. CAPITAL FINANCIAL PLAN

12 Capital Projects The 07-8 State capital projects target seismic and life safety corrections at the Berkeley, Los Angeles, and San Francisco campuses, and previous enrollment growth at the Irvine campus. This portfolio includes capital projects that will also be supported with non-state resources. Future Actions Approval of external financing associated with the State General Funds will be subject to a future Regents action in the spring of 07. Under provisions of the Education Code, the Department of Finance will submit a final list of approved capital outlay to the University no earlier than April, 07, three months before the commencement of the fiscal year of the planned capital expenditures. This proposal represents only a small portion of UC s total funding need for State eligible capital improvements projects for The University maintains a continuing commitment to pursue gifts and other potential sources to supplement State funding for construction. There continues to be a significant need for capital project funding, but the debt service for the State projects competes with other demands for State General Funds. While there has been general consensus that the prioritization and submittal of State projects should be managed systemwide, there are also limitations on the level of debt the University can incur. For the current term, the CFP identifies an additional $3. billion of State eligible projects to be supported by a combination of $.8 billion in future State funds and $309 million in non-state funds. Funding of these State eligible projects is uncertain and is largely dependent on a future voter-approved general obligation bond measure. It should be noted that the proposed external financing over the next ten years may increase if critical State eligible projects do not receive State funding. DEVELOPMENTS IN THE CAPITAL PROGRAM A number of ongoing and new developments will continue to affect the implementation of capital projects in the future years. The University continues to employ public private partnerships to optimize the implementation of the capital program such as the new Student Housing Initiative and the Integrated Capital Asset Management System. Public-Private Partnerships To date, over 80 public private partnerships ( P3 ), using a variety of transaction structures, have been developed or are in planning at the University of California. Projects include instructional, office, research, and clinical space; student rental and faculty for-sale housing; hotels; a recreational facility; parking structures; and projects designed primarily to generate income from land retained for the University s future use. Given the University s success in executing public private partnerships, this delivery method is now evaluated alongside traditional capital project approaches, particularly for auxiliary uses. Four key public private partnerships project transaction structures (and the uses to which they are most applicable) have included: Ground Lease of University land (auxiliary uses revenue produced from third party tenants/buyers e.g., student rental housing, hotels, parking structures); Ground Lease/Leaseback (programmatic uses in furtherance of the University s mission e.g., instructional, research, clinical buildings); Donor Development (donor controls project delivery; typically programmatic use on or off University land); and 6 UNIVERSITY OF CALIFORNIA

13 Developer Build-to-Suit for purchase by the University on completion (also known as turnkey projects typically for programmatic use off University land). Within the current term, the 06-6 Capital Financial Plan includes 9 projects utilizing a P3 delivery including the Merced 00 Project. With an approximate cost of $.3 billion, this project represents the University s largest public private partnership to date. The Merced campus has entered into a public private partnership with a developer to design, build, finance, operate, and maintain the Merced 00 Project. The project, which is currently in construction, will expand the campus by 790 thousand assignable square feet of academic, administrative, research, recreational, student housing, and student services facilities to support enrollment growth. The developer will act as the design and construction contractor, provide debt and equity financing, and operate and maintain major building systems for 35 years. This concession approach is new to the University and represents a comprehensive albeit complex public private partnership delivery model. A public private partnership has the potential to deliver facility design and construction quickly; however, the time to complete team selection and negotiate arrangements can offset these time savings. The P3 approach allows the University to augment its capital delivery system and shift project construction and operating risk while enhancing longterm flexibility in situations where yielding control of the real property is appropriate. Student Housing Initiative On January 0, 06, President Napolitano announced a housing initiative to support current students and future enrollment growth across the University of California system. The goals of the initiative are to provide an additional 4,000 new, affordable beds for undergraduate and graduate students across the system by 00. UC campuses are located in some of the most expensive rental markets in the nation, with housing rates significantly impacting the total cost of student attendance. The President s initiative strives to increase the inventory of available housing for students while ensuring that housing options remain as affordable as possible. Office of the President has worked with the campuses to identify potential student housing projects that could help meet the systemwide goal. A number of these projects are expected to be designed and constructed through typical campus delivery models and financed using Limited Project Revenue Bonds ( LPRB ). To maintain systemwide debt capacity and to manage the University s bond rating to preserve lower borrowing costs, Office of the President is leading an effort to identify and select P3 developers to build housing on multiple campuses that would utilize alternative financing mechanisms. This strategy would attract attention from leading developers due to the scale of the housing initiative and develop creative financing structures to minimize the debt burden on the University. A Request for Information ( RFI ) was released in November 06 to qualify highly experienced master developers. The master developers qualified during the RFI phase of the solicitation, in early 07, will then be invited to submit proposals to develop specific housing projects that will be fully defined in subsequent Requests for Proposals ( RFPs ). These RFPs may be for a standalone project or a group of projects. The Santa Cruz and Riverside campuses will be the first campuses to release RFP(s) to the shortlisted developers. Integrated Capital Asset Management System As previously noted, given the age and current condition of University facilities and infrastructure, there is a critical need at the campus and system levels to make sound, data-driven capital renewal decisions based upon accurate information that identifies, prioritizes, and quantifies renewal and deferred maintenance needs and their associated risk. To this CAPITAL FINANCIAL PLAN

14 end, the University is implementing a new comprehensive Integrated Capital Asset Management Program ( ICAMP ). ICAMP Objectives () Develop and implement a systemwide Real Property Asset Management ( RPAM ) system that will be used to house the University s Real Property Inventory ( RPI ). () Develop a standardized RPI and Facility Condition Assessment ( FCA ) program methodology for the University that includes: Standardized concepts and definitions for RPI, facility condition assessments, Deferred Maintenance ( ) and Capital Renewal ( CR ); Utilizing RSMeans industry standard building system costing and lifecycle data sets to develop CR and cost estimates and future lifecycle costing budget estimates; Standardized methods for assessing, inventorying, scoring/rating asset conditions (likelihood of failure) and risks (consequence of failure) that will allow the prioritization of CR and projects; Track the lifecycle of a FCA from inspection to the creation of a CR/ project, to funding and execution, and finally to completion and closure. (3) Develop a systemwide, in-house University FCA team for each of the ten locations, composed of the following disciplines: Architectural/Civil, Mechanical, and Electrical. These team members will each be trained on the standardized University FCA program methodology. (4) Perform a comprehensive systemwide University FCA using the new RPAM system to support the effort and store the RPI and condition assessment data. By implementing a standardized and repeatable University FCA program methodology, the University will be able to identify, quantify, estimate, prioritize, and track its capital renewal and deferred maintenance needs, develop datadriven strategies, and manage the financial and operational risks associated with its capital assets. Sustainability The University is a pioneering leader in sustainability, including taking action to mitigate climate change. UC affirmed its climate leadership position in 007, when all ten Chancellors signed the American College and University Presidents Climate Commitment as founding signatories. The University s Sustainable Practices Policy 5 is updated on a regular basis and affects capital project siting, design, 5 The policy may be viewed at: construction, and operation, with goals that assure a maximum performance on energy, water, waste, and healthy work environments. The Annual Report on Sustainable Practices provides a summary of the University s sustainability achievements and initiatives, including the area of Green Buildings. As noted in the 05 report, the University has 5 LEED -certified buildings, which is more than 8 million gross square feet (new construction, renovation, homes, and existing building certifications), the most of any university in the country. 6 Furthering this leadership, President Napolitano announced in November 03 a Carbon Neutrality Initiative (CNI) for UC to become the first research university to achieve carbon neutrality by 05. The CNI commits UC to emitting net zero greenhouse gases from its buildings and vehicle fleet by 05. In October 05, the Fall Climate and Carbon Neutrality Research Summit was held, and local, state, national, and international dignitaries participated in the event; the report, Bending the Curve Ten Scalable Solutions for Carbon Neutrality and Climate Stability 7 was issued. Among the solutions UC is exploring include accelerated energy efficiency, zero carbon growth strategies for new construction, renewable electricity projects for 00% of usage, developing biomethane projects to replace natural gas, and other pathways to become fossil free. For capital, this could include ways of building carbon neutrality into UC s development plans. COMPANION REPORT The Annual Report on Major Capital Projects Implementation provides an update on the University s active Capital Improvement Program, including budget and schedule changes and completion of projects. 6 Annual Report on Sustainable Practices 05, 7 The report may be viewed at: 8 UNIVERSITY OF CALIFORNIA

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16 06-7 to 0- Program Summary ($M) FUND SOURCE PROGRAM CATEGORY State Appropriation $M 0.08% $4,000 $,000 P3 $808M 6% Hospital Reserves $,07M 7% Campus Funds* $,848M 3% Grants $6M 0.% Auxiliary Reserves $588M 4% Medical Centers $,776M 9% $0,000 $8,000 Gift Funds $3,00M % Auxiliary Enterprises $4,34M 8% $6,000 $4,000 External Finance (incl $56M of State) $7,057M 48% Education & General $7,646M 53% $,000 $0 * Campus funds are derived from a variety of sources, including indirect cost recovery, gift assessments, and investment earnings. The P3 funding shown here represents only a portion of this dynamic portfolio. PRIMARY PROJECT OBJECTIVE CONSTRUCTION TYPE $4,000 $,000 $0,000 $8,000 Infrastructure Deficiencies $,894M 3% Facilities Modernization $,34 6% Program Improvements $4,763 33% Renovation $,66 8% Both (New Construction & Renovation) $3,3 3% Infrastructure $58M 4% $6,000 $4,000 New Construction $8,054M 55% $,000 Enrollment $5,557M 38% $0 0 UNIVERSITY OF CALIFORNIA

17 06-7 to 0- Funding by Location ($M) $3,000 $,500 $,000 $,500 $,000 $500 $0 Berkeley Davis Irvine Los Angeles Merced Riverside San Diego San Francisco Santa Barbara State Appropriation P Grants Funds Auxiliary Reserves Hospital Reserves Campus Funds Gift Funds External Financing , , Santa Cruz ANR Systemwide CAPITAL FINANCIAL PLAN 06-6

18 UNIVERSITY OF CALIFORNIA Capital Financial Plan 06-6 By Campus

19 How to Read the Campus Tables ❶ ❷ ❸ ❹ ❺ Campus Projects Lecture Hall Current Term (06-7 to 0-) Total ❻ CF EF 0,000 Housing Renovation AUX AR, EF 0,000 Science Building EF 40,000 Athletic Training Facility 3 GR 5,000 Campus Projects Total ❼ 0,000 30,000 30,000 5,000 95,000 State Eligible Projects Five-Year Capital Outlay Plan for State Funds Total Central Plant Expansion SE 0,000 Life Sciences Building Renovation State Eligible Total SE 30,000 ❽ 0,000 30,000 50,000 ❶ Project List This column lists the names of projects or descriptions of programs that are proposed over the ten year plan. ❷ Program Categories Projects are identified by four program categories: - Education & General: New construction and renovation of core instruction, research, general campus academic space, academic support space, student support space, institutional support space, infrastructure, and seismic/life safety. AUX - Auxiliary: New construction and renovation of student housing/dining, faculty/staff housing, student activities, recreation or athletic facilities, student health centers, parking and roads, seismic/life safety, child care facilities, fee-supported facilities, and other enterprises. MC - Medical Centers: New construction, renovation, and remediation of patient care facilities, infrastructure, seismic/life safety, and medical center support space. MIT - Mitigation: Actions to reduce, avoid or offset potential adverse environmental consequences. ❸ Project Change Changes from the prior year plan are indicated by three types: -Budget Update: costs have been revised to reflect current estimates. -Scope Update: the scope or program of the project have been revised from prior year. 3 -New Project: indicates a project not included in prior year plan. ❹ Deferred Maintenance () Indicates that the proposed project includes scope and/or in implementing the project, the backlog is reduced. ❺ Plan Year This area indicates the fiscal year that the project will request budget approval. Project completion dates will vary by project type. amounts indicate approval that was given for elements of the budget in years prior to those considered in this plan. ❻ Proposed Funding Source This area provides the proposed source of funding from the following options: AR --- Auxiliary Resources P3 --- Public Private Partnership CF --- Campus Funds S State Fund Appropriation EF --- External Financing SE --- State Eligible GF --- Gift Funds SG --- State General Fund Financed FG --- Federal Grant (a form of external financing) HR --- Hospital Reserves UR --- University Fee Reserves (voted, OG -- Other Grants life safety, and registration ❼ Plan Division The plan is organized into divisions as relevant to each campus: Campus Projects - This includes projects that support the academic endeavors of the campus. Medical Centers - This includes all projects that are part of the medical enterprise of a campus. State Projects - This includes all projects included in the 07-8 Budget for State Capital Improvements. ❽ State Eligible This section of plan identifies the proposed projects that are eligible for State funding. The table indicates cases where the project may be proposing the use of additional non-state funding sources. CAPITAL FINANCIAL PLAN

20 06-6 BERKELEY CAPITAL PROGRAM Campus Projects Gateway Project New Construction Bancroft Seismic Demolition Arch & Engr Bldg Seismic Demolition Woo Hon Fai Hall Seismic Renovation Woo Hon Fai Hall Program Improvements [budget tbd] University Hall Seismic Replacement Dwinelle Annex Renovation Joint Chemistry and Engineering Bldg Seismic Replacement Cal Performances Program Improvements [budget tbd] Theater, Dance & Performance Program Improvements NW Quad Project New Construction $5M Campus Projects Total Current Term (06-7 to 0-) Total AUX P3 P3 CF 3,000 CF,000 GF 5,000 GF TBD P3 P3 CF, GF 5,000 GF 90,000 AUX GF TBD GF 0,000 P3 P3 CF CF CF CF CF CF 30,000 CF 5,000 5,000 39, ,000 5,000+ 5,000 64,000 a. = Education and General AUX = Auxiliary = Scope Update These Campus projects were listed in the 05-5 Capital Financial Plan and are now removed from the program: - Student Residences - Bancroft Student Residence Hall State Projects 3 Fulton Seismic Demolition Evans Hall & Hearst Gymnasium Seismic Retrofit Giannini Hall Seismic Renovation (P and W) State General Funds Financed 07-8 State Capital Budget Total CF SG 3,000 SG,000 SG 3,000 8,000 8,000 a. = Education and General = Budget Update = Scope Update State Eligible Projects Northern Regional Facility Phase 4 Hilgard Hall Capital Renewal Evans Hall Seismic Retrofit (W and C) [budget tbd] Five-Year Capital Outlay Plan for State Funds Total 3 SE SE SE 6,000 3 CF, SE 40,000 SE TBD 4 UNIVERSITY OF CALIFORNIA

21 State Eligible Projects Hearst Gymnasium Seismic Renovation (W and C) [budget tbd] McLaughlin Hall Seismic Renovation Giannini Hall Seismic Renovation (Construction) Hesse Hall Seismic Renovation Wellman Hall Seismic Renovation Five-Year Capital Outlay Plan for State Funds Total SE TBD SE 7,000 SE 36,000 SE SE Campus Capital Renewal CF CF, SE CF, SE CF, SE CF, SE 8,000 CF, SE State Eligible 50K 37,000 66,000+,000,000 48,000 93,000 Non-State Contribution 0,000 30,000 38,000 38,000 38,000 54,000 Total 50K 47,000 96, ,000 59,000 86, ,000 a. = Education and General = Budget Update = Scope Update 3 = New Project CAPITAL FINANCIAL PLAN

22 06-6 DAVIS CAPITAL PROGRAM Campus Projects Large Lecture Hall (Equipment in 06-7) Current Term (06-7 to 0-) Total EF EF <$50K Central Cage Wash Facility EF 3,000 Cruess Hall North Renovation Electrical Substation Transformer Addition Haring Hall East Wing Safety Improvements and Building Renewal EF, CF,000 3 EF 0,000 3 EF 45,000 Veterinary Medical Center GF, CF GF GF GF 437,000 GF 06-7 Critical Infrastructure Improvements 3 EF 30,000 Freeborn Hall Renewal AUX UR, EF 34,000 Orchard Park Redevelopment Tercero Dining Commons AUX P3 P3 AUX 3 AR, EF 37,000 Webster Hall Replacement AUX EF, AR 50,000 West Village Phase B Faculty/Staff For-Rent Homes West Village Phase B Faculty/Staff For-Sale Homes West Village Phase B Student Housing Chemistry Renovation Phase A & Addition Computational & Data Sciences Engineering Student Design Center Eye Center (Sacramento Campus) Laboratory for Energy- Related Health Research (LEHR) Remediation AUX EF 7,000 AUX EF, CF 78,000 AUX P3 P3 3 EF 56,000 3 GF 50,000 GF 0,000 CF, GF 40,000 EF,000 Research Animal Facility 3 EF 50,000 Discovery Hub (Research) 3 GF 3,000 Library Renovations Phase 3 GF 50,000 Natural History Museum GF 40,000 Sciences Building EF, GF 50,000 Winery Expansion Phase 3 GF 0,000 Emerson Hall Replacement Stadium Expansion & Strength and Conditioning Facility Research IV Building (Sacramento Campus) Tercero Student Housing Phase 5 AUX EF, AR 96,000 AUX GF 7,000 CF, EF 5,000 AUX 3 EF, AR 8,000 6 UNIVERSITY OF CALIFORNIA

23 Campus Projects UC Davis Institute for Regenerative Cures Phase 7 - CTSC (Sacramento Campus) Segundo Dining Commons Animal Science Teaching Facility Center for Agriculture, Health, and Nutrition Library Renovations Phase Current Term (06-7 to 0-) Total CF 5,000 AUX 3 EF, AR 35,000 3 GF GF P3 World Food Center P3 Deferred Maintenance EF EF EF 45,000 Capital Projects $5M to $0M (see note b) Capital Projects $5M to $0M (see note c) $5M Intercollegiate Athletics Initiatives (<$0M) Intercollegiate Athletics Projects $750K to $5M Student Affairs Division- Wide System Renewal $750K to $5M Student Housing Projects $750K to $5M Student Affairs Recreation, MU, Unitrans Projects $750K to $5M Total Campus Projects FG, CF AUX FG, CF, EF EF, AR, UR CF, GF CF CF 63,000 CF CF CF CF CF CF 84,000 CF AUX GF, CF GF GF GF GF GF 65,000 AUX GF, AR GF GF GF GF GF 4,000 GF AUX AR, UR AR, UR AR, UR AR, UR AR, UR AR, UR,000 AR, UR AUX AR AR AR AR AR AR,000 AR AUX AR AR AR AR AR AR,000 AR 0,000 50, , ,000 37,000,000 58,000,907,000 a. = Education and General AUX = Auxiliary = Budget Update 3 = New Project These Campus projects were listed in the 05-5 Capital Financial Plan and are now removed from the program: - Administrative Support Building nd Floor Reno - Central Plant Boiler Replacement - Chemistry Discovery Complex - Chemistry Seismic and Life Safety Improvements - Physical Sciences & Engineering District Infrastructure - Seismic Corrections - Solano Park Redevelopment - Steam Distribution Improvements Phase - 5 Hopkins Road - 05 Critical Infrastructure Projects b. Capital Projects $5M to $0M (): - Briggs Hall Lab Renovation Phase - Childcare Center (Sacramento Campus) - Facility for Distilled Beverage Science - FSSB Skills Lab Addition (Sacramento Campus) - Hunt Hall Renovation - La Rue Bridge Renewal - Translational Science Center - UC Davis Institute for Regenerative Cures Phase 5 (Sacramento Campus) - UC Davis Institute for Regenerative Cures Phase 6-Lecture Hall (Sacramento Campus) c. Capital Projects $5M to $0M (AUX): - Recreational Pool Replacement - Silo North Phase Medical Center (Sacramento Campus)Projects Main Hospital East and 3 Pulmonary and GI Remodel Pavilion st Floor Intraoperative MRI Ambulatory Care Center Phase II Current Term (06-7 to 0-) Total MC HR 6,000 MC HR 7,000 MC 3 EF 9,000 Parking Structure 4 MC 3 HR 35,000 CAPITAL FINANCIAL PLAN

24 Medical Center (Sacramento Campus)Projects UCC Bed Tower [budget & fund source tbd] Physical, Medicine, & Rehabilitation Phase II Health System Capital Projects 0-3 to 05-6 Health System Capital Projects $5M to $0M (see note b) Health System Projects $750K to $5M Medical Center Total Current Term (06-7 to 0-) Total MC TBD TBD MC 3 EF MC MC HR HR HR HR 66,000 MC HR HR HR HR HR HR,000 HR 68,000 59,000 6,000 47, ,000 8, ,000+ HR a. MC = Medical Center = Budget Update 3 = New Project These Medical Center projects were listed in the 05-5 Capital Financial Plan and are now removed from the program: - Main Hospital 5th Floor ICU Remodel - Pavilion st Floor 3T MRI b. Health System Capital Projects $5M to $0M: - Emergency Power Upgrade Phase - Hospital East 7 Reactivation Project - Hospital Seismic Façade - Imaging Improvements - Pavilion nd Floor Pathology Lab Improvements - Pharmacy Improvements - Physical, Medicine, & Rehabilitation Basement Reno - University Tower Basement Central Processing Unit - Vascular Access Relocation Project State Eligible Projects Briggs Hall Safety Improvements and Building Renewal Haring Hall Central and West Wing Safety Improvements and Building Renewal Five-Year Capital Outlay Plan for State Funds Total SE SE 9,000 3 SE 67,000 Seismic Corrections SE SE 40,000 SE Physics Renovation SE 35,000 Wickson Hall Renovation SE 30,000 Enology Renovation 3 SE 6,000 Deferred Maintenance SE Governor's Hall Remodel (Sacramento Campus) SE Health Sciences Education Expansion Phase (Sacramento Campus) MIND Prevention and Treatment Research Building (Sacramento Campus) UC Davis Health System Priority Phase (Sacramento Campus) State Eligible Health System Capital Projects 0-3 to 05-6 State Eligible Total MC 90,000 6,000 85,000 6,000 7,000 SE SE SE SE a. = Education and General MC = Medical Center 3 = New Project The Critical Infrastructure project was listed in the 05-5 Capital Financial Plan and is now removed from the State program. The non-state campus program now includes 06-7 Critical Infrastructure Improvements project. 8 UNIVERSITY OF CALIFORNIA

25 06-6 IRVINE CAPITAL PROGRAM Campus Projects Sue & Bill Gross Nursing and Health Sciences Hall Neuroimaging Facilities Improvements East Campus Apartments Phase 4 Middle Earth Expansion Capital Renewal and Infrastructure Improvements Program Phase 3 Facilities Management/Campus Services Relocation Integrated College of Health Sciences Building Current Term (06-7 to 0-) Total GF, EF 60,000 EF 5,000 AUX P3 P3 AUX EF, AR 3,000 EF 50,000 P3 P3 3 GF, EF 00,000 Law Building GF, EF 05,000 North Campus Redevelopment AUX P3 P3 On-Campus Hotel AUX P3 P3 Art Museum GF 43,000 Beckman Laser Expansion and Renovation GF 30,000 Child Development Center GF 3,000 Student Wellness Services Building Athletics Facilities Improvements Verano Unit 7 Apartments, Phase Convergence Science Building EF, GF, CF AUX GF 3,000 AUX EF 75,000 GF 5,000 67,000 ARC Expansion Phase 4 AUX EF Parking Structure 5 AUX EF Student Center Expansion AUX EF Capital Projects $5M to $0M (see note b) $5M Capital Projects $5M to $0M (see note c) Total Campus Projects GF 6,000 CF CF CF CF CF CF 90,000 CF AUX EF AR, GF 0,000,000 38,000 4,000 90,000 40,000 5,000,63,000 a. = Education and General AUX = Auxiliary = Budget Update = Scope Update 3 = New Project These Campus projects were listed in the 05-5 Capital Financial Plan and are now removed from the program: - Biological Sciences 3 st Floor Renovation - Events Center - Fire and Life Safety Improvements Phase - Institute for Memory Impairments & Neurological Disorders - Statewide Energy Partnership Program b. Capital Projects $5M to $0M (): - Beall Center Expansion and Renovation c. Capital Projects $5M to $0M (AUX): - ARC Field Expansion - Health Sciences Parking Lot Expansion - Shellmaker Island Boathouse Replacement CAPITAL FINANCIAL PLAN

26 Medical Center Projects Connector Bridge - Douglas Hospital to Building 3 Relocate Helipad to Building 3 Roof Community-Based Offsite Inpatient Orange Campus - Emergency Department Expansion Orange Campus - Increase Inpatient Capacity Capital Projects $5M to $0M (see note b) $0M Medical Center Total Current Term (06-7 to 0-) Total MC 3 EF,000 MC 3 EF,000 MC 3 EF 8,000 MC 3 EF 55,000 MC 3 EF 0,000 MC EF HR 6,000 MC HR HR HR HR HR HR 76,000 HR 35,000 7,000 6,000,000 7,000 8, ,000 a. MC = Medical Center 3 = New Project These Medical Center projects were listed in the 05-5 Capital Financial Plan and are now removed from the program: - Douglas Hospital 3 rd Floor Inpatient Bed Expansion - Douglas Hospital 4 th Floor Inpatient Bed Expansion - Electrical Plant and Substation B8A Replacement - Gavin Herbert Eye Institute nd Floor Buildout - Gavin Herbert Eye Institute Surgery Expansion - Outpatient Clinical Center - UCIMC Ambulatory Care Center - UCIMC Building Demolition & Site Preparation - UCIMC Emergency Power Upgrades - UCIMC Facilities Building - UCIMC Medical Center Drive/Dawn Way Improvements - UCIMC Office Building - UCIMC Patient/Visitor Parking Structure b. Capital Projects $5M to $0M: - Community-Based Ambulatory Expansion - UCIMC Cancer Center 4th Floor Clinic Remodel State Project Interdisciplinary Sciences Building (see note a) 07-8 State Capital Budget Total CF SG, GF, EF, CF 0,000 State General Funds Financed 50,000 50,000 Non-State Contribution,000 69,000 70,000 Total,000 9,000 0,000 a. = Education & General = Budget Update = Scope Update State Eligible Program Five-Year Capital Outlay Plan for State Funds Total Engineering Renovations SE,000 Med Sci Renewal SE 30,000 Sewer and Storm Drain Improvements Central Plant Renewal Phase SE 6,000 SE 34,000 Interdisciplinary Sciences Building SE, EF SE 9,000 Med Surge Replacement SE 0,000 Fire and Life Safety Improvements Phase SE 3,000 0 UNIVERSITY OF CALIFORNIA

27 State Eligible Program Humanities and Social Sciences Classroom Renovations Five-Year Capital Outlay Plan for State Funds Total SE 3,000 Med Sci Renovations SE 49,000 Central Plant Renewal Phase Chilled Water System Expansion SE 7,000 SE 5,000 Academic Building SE, GF Biological Sciences Greenhouse Replacement SE Building Renewal Phase SE Building Renewal Phase SE Sciences Buildings Renovations SE Social & Behavioral Sciences Transportation Infrastructure Safety Improvements SE SE Capital Renewal Program SE SE SE SE SE 3,000 SE State Eligible 77,000 0,000 78,000 7,000 73, ,000 Non-State Contribution 63,000 63,000 Total 77,000 64,000 78,000 7,000 73, ,000 a. = Education and General = Budget Update = Scope Update The Health Sciences Instruction and Research Building project was listed in the 05-5 Capital Financial Plan and is now removed from the State program. CAPITAL FINANCIAL PLAN 06-6

28 06-6 LOS ANGELES CAPITAL PROGRAM Campus Projects Anderson School of Management Expansion CHS Emergency Generator Replacement CHS South Tower Post- Occupancy Improvements (Levels -7) CHS South Tower Post- Occupancy Improvements (Levels 8-0) CHS - NPI Seismic Correction (P&W only) Electrical Distribution System Expansion Step 6C Franz Tower Seismic Renovation (P&W only) North Campus Infrastructure Improvements Current Term (06-7 to 0-) Total GF 7,000 EF, S,000 EF 50,000 EF 30,000 CF, HR HR, CF 4,000 S, EF,000 EF EF 6,000 EF 0,000 Faculty Center Renovation AUX 3 CF 5,000 Margan Apartments Redevelopment North Athletic Field Spectator Facility Real Estate Acquisition No. Undergraduate Student Housing Project No. Fielding School of Public Health Building Interior Renovation Warner Graduate Art Studio Renovation and Addition Real Estate Acquisition No. Undergraduate Student Housing Project No. Undergraduate Student Housing Project No. 3 Undergraduate Student Housing Project No. 4 Botanical Garden Enhancements North Campus Academic Facility Powell Library Interior Renovation Psychology - Neuroscience Research Building Northwest Campus Recreation Facility Student Services / Welcome Center Fowler Museum Renovation and Addition Theater, Film & Television Renovation $5M AUX EF, AR 4,000 AUX GF,000 AUX AR, EF 5,000 AUX 3 EF 70,000 GF, CF 50,000 GF 30,000 AUX AR, EF 5,000 AUX 3 EF 00,000 AUX 3 EF 00,000 AUX 3 EF 00,000 GF 0,000 GF 70,000 GF 0,000 GF 70,000 AUX GF 0,000 AUX GF 70,000 GF GF CF CF CF CF CF CF 90,000 CF UNIVERSITY OF CALIFORNIA

29 Campus Projects Capital Projects $5M to $0M (see note b) $5M Campus Project Total Current Term (06-7 to 0-) Total AUX CF 5,000 AUX AR AR AR AR AR AR 55,000 AR 398, ,000,000 3,000 93,000 0,000,49,000 a. = Education and General AUX = Auxiliary = Budget Update = Scope Update 3 = New Project The UCLA Extension Seismic Renovation project was listed in the 05-5 Capital Financial Plan and is now removed from the program. b. Capital Projects $5M to $0M: - Lot 36 KREC Replacement Facility Medical Center Projects Current Term (06-7 to 0-) Total RRUMC Utility Building MC 3 EF 70,000 CHS South Tower Post- Occupancy Improvements (Levels A&B) Westwood Patient Tower Addition SMH Medical Office Building RRUMC 5th Floor NICU Expansion SMH Merle Norman Pavilion Renovation MC EF 70,000 MC EF, GF 580,000 MC EF 70,000 MC 3 EF 4,000 MC EF 70,000 SMH Office Building MC EF 70,000 Capital Equipment Replacement Lease Funding Capital Projects $5M to $0M (see note b) $5M Medical Center Total MC HR HR, EF HR, EF HR, EF HR, EF HR, EF 335,000 HR, EF MC HR, AR 0,000 MC HR HR HR HR HR HR 30,000 HR 30, ,000 50,000 39,000 5,000 55,000,39,000 a. MC = Medical Center = Budget Update 3 = New Project b. Capital Projects $5M to $0M: Agoura Road nd Floor Tenant Improvements - Medical Plaza Site Improvements - Tiverton House Interior Refurbishment CAPITAL FINANCIAL PLAN

30 State Projects CHS-NPI Seismic Renovation (Construction) Franz Tower Seismic Correction (Construction) State General Funds Financed Non-State Contribution 07-8 State Capital Budget Total SG, EF, HR SG, EF 44,000 36,000 50,000 50,000 30,000 30,000 Total 80,000 80,000 a. = Education & General = Scope Update State Eligible Projects Five-Year Capital Outlay Plan for State Funds Total Central Plant Expansion SE 50,000 Life Sciences Building Renovation Phase CHS - Biomedical Library Tower Renovation CHS Program and Infrastructure Improvements SE 50,000 SE SE Capital Renewal SE SE SE SE 60,000 SE State Eligible Total 5,000 65,000 65,000 5,000 60,000 a. = Education and General 4 UNIVERSITY OF CALIFORNIA

31 06-6 MERCED CAPITAL PROGRAM Campus Projects Capital Projects $5M to $0M (see note b) $5M Campus Projects Total AUX Current Term (06-7 to 0-) Total EF, CF,000 CF CF CF CF CF CF,000 CF 4,000,000,000,000,000,000 4,000 a. = Education and General AUX = Auxiliary = Budget Update The Science and Engineering Building Space Renovations was listed in the 05-5 Capital Financial Plan and is now removed from the program. b. Capital Projects $5M to $0M (): IT Next Generation Network Phase IT Next Generation Network Phase 00 Project 00 Project AUX Current Term (06-7 to 0-) Total SG, EF, CF, P3,338,000 P3 Project 00 Total,338,000,338,000 a. = Education and General AUX = Auxiliary = Budget Update Mitigation Measures Federal Environmental Mitigation Transportation Improvements [fund source tbd] Mitigation Measures Total Current Term (06-7 to 0-) Total MIT CF CF 4,000 MIT TBD TBD TBD TBD,000 4,000,000 <00 <00 <00 5,000 a. MIT = Mitigation = Budget Update CAPITAL FINANCIAL PLAN

32 06-6 RIVERSIDE CAPITAL PROGRAM Campus Projects Multidisciplinary Research Building Barn Expansion Lothian Seismic Upgrade Budget Change Batchelor Hall Interior Improvements Campuswide Multiphased Site Development and Infrastructure Deferred Maintenance (External Financing) Multidisciplinary Research Building Pierce Hall Interior Improvements Plant Growth and Support Facility Student Success Center (Design) Current Term (06-7 to 0-) Total EF EF 43,000 AUX AUX EF, CF, AR EF, CF, AR 6,000 EF, AR CF 3,000 EF,000 3 EF EF EF EF EF 30,000 3 EF EF EF EF 30,000 EF EF 50,000 EF 9,000 3 CF 5,000 3 CF,000 UCR Health Outpatient Pavilion P3 EF P3, 40,000 Campus Events Center AUX P3 P3 Student Housing Phase AUX 3 P3 P3 School of Business Building GF, CF 60,000 Dining Project AUX P3 P3 Student Housing Phase AUX 3 P3 P3 Student Housing Phase 3 AUX 3 P3 P3 Capital Projects $5M to $0M (see note b) $5M Capital Projects $5M to $0M (see note c) $5M CF CF 0,000 CF CF CF CF CF CF 35,000 CF AUX CF, AR 8,000 AUX EF, AR EF, AR EF, AR EF, AR EF, AR EF, AR 36,000 EF, AR Campus Projects Total 9,000 70,000 84,000 65,000 7,000, ,000 a. = Education and General AUX = Auxiliary = Budget Update = Scope Update 3 = New Project b. Capital Projects $5M to $0M (): - School of Medicine Research Building First Floor Fit Out c. Capital Projects $5M to $0M (AUX): - Canyon Crest Housing Demolition - Falkirk Apartments Seismic Upgrades - Mobility Hub 6 UNIVERSITY OF CALIFORNIA

33 State Eligible Projects East Campus Infrastructure Improvements Phase 3 Fawcett Laboratory Replacement Student Success Center (Construction) Boyce Hall and Webber Hall Renovations Phase Five-Year Capital Outlay Plan for State Funds Total SE SE SE,000 SE SE SE 53,000 SE 3 SE 50,000 SE SE SE 55,000 SE Physics Building Renewal SE SE SE 5,000 SE Deferred Maintenance (State Eligible) East Campus Infrastructure Improvements Phase 4 Interdisciplinary Research Building / Psychology Building Addition State Eligible Total SE SE 30,000 SE SE SE,000 SE SE SE,000 SE 53,000 8,000 8,000,000 54,000 a. = Education and General = Budget Update 3 = New Project CAPITAL FINANCIAL PLAN

34 06-6 SAN DIEGO CAPITAL PROGRAM Campus Projects West Campus Chilled Water Improvements Fire Station Marine Conservation Facility Nuevo West Graduate Student Housing Current Term (06-7 to 0-) Total CF CF 0,000 CF 0,000 CF, GF 5,000 AUX EF, AR 78,000 Osler Parking Structure AUX EF 47,000 Voigt Parking Structure AUX 3 CF 50,000 East Campus Office Building Engineering Interdisciplinary Facility Structural and Materials Engineering Building (P&W Only ) Student Resources and Alumni Services Building (P&W Only) North Torrey Pines Living and Learning Neighborhood Nuevo East Student Housing SIO Birch Aquarium Expansion SIO Oceans and Human Health Research Building EF 9,000 EF, GF 00,000 CF 5,000 CF 4,000 AUX EF, GF 608,000 AUX EF 90,000 3 GF 45,000 P3 60,000 East Campus Loop Road AUX 3 CF 5,000 Economics and Political Science Building Muir Biology Building Renovations Villa La Jolla Road Widening/Improvements SIO Biology Laboratory Building Faculty For-Rent Transitional Housing Capital Projects 0-3 to [fund source tbd] Capital Projects $5M to $0M $5M GF 47,000 CF 0,000 AUX CF 5,000 3 P3 80,000 AUX P3, AR 7,000 AUX 3 GF, CF CF CF CF 47,000 CF CF CF CF CF CF 60,000 TBD Capital Projects $5M to $0M $5M AUX 3 CF, EF, AR AR P3, AR AR AR AR 9,000 AUX AR AR AR AR AR AR 30,000 Campus Projects Total 39,000,85,000 68,000 08,000 79,000 7,000,058,000 a. = Education and General AUX = Auxiliary = Budget Update = Scope Update 3 = New Project b. Capital Projects $5M to $0M (): - Campuswide Sewer Upgrades - Phase Gilman Dr. Public Sewer Improvements - Campuswide Sewer Upgrades - Phase - East Campus Waterline Replacement (Voigt) - Main Campus Water Main - Ridge Walk Bike and Pedestrian Improvements - Rupertus Way Pedestrian Bridge - SIO Biological Collections Building - SIO Center for Coastal Studies Renovation 8 UNIVERSITY OF CALIFORNIA

35 c. Capital Projects $5M to $0M (AUX): - Athena Circle Miramar Street Connection - Current Sixth College Apartments Fire Life Safety - Ph. - Current Sixth College Apartments Fire Life Safety - Ph. - Current Sixth College Residence Halls Fire Life Safety - Mesa Housing Pedestrian and Bike Bridge - SIO Parking Structure & Entry Improvements - Tuolumne Apartments Renovation - Phase - Tuolumne Apartments Renewal - Phase 3 - Warren Apartment Buildings - Renovation - Warren Apartment Buildings 3-4 Renovation - Warren Apartments Fire Life Safety - Phase - Warren Apartments Fire Life Safety - Phase Medical Center Projects Current Term (06-7 to 0-) Total Thornton Renovations MC HR, GF 7,000 Thornton Renovations - East Entry and Atrium Thornton West Emergency Dept and Radiology Intake Center Health System La Jolla - Radiology Improvements Capital Projects 0-3 to [fund source tbd] Capital Projects $5M to $0M $5M Medical Center Total MC HR, GF 0,000 MC HR, GF 4,000 MC 3 HR 5,000 MC MC HR HR 8,000 MC HR HR HR HR HR HR 60,000 9,000 3,000 0,000 0,000 0,000 0,000 64,000 TBD a. MC = Medical Center = Budget Update 3 = New Project b. Capital Projects $5M to $0M: - Health System La Jolla - Outpatient Pavilion Dropoff and Food Service - Health System La Jolla - Radiology MRI - Perlman Renovations - Tenant Improvements - Medical Office Building (Leased) State Eligible Projects Structural and Materials Engineering Building Student Resources and Alumni Services Building Medical Teaching Facility Renewal Hubbs Hall Renewal Five-Year Capital Outlay Plan for State Funds Total SE, CF, GF 50,000 SE, CF, GF, EF 38,000 SE SE 70,000 SE 6,000 Sverdrup Hall Renewal SE 5,000 Urey Hall Renovation SE SE 36,000 State- Capital Renewal Program SE SE SE SE 40,000 State Eligible 60,000 7,000 98,000 4,000 7,000 Non-State Contribution 38,000 38,000 Total 98,000 7,000 98,000 4, ,000 a. = Education and General = Budget Update = Scope Update CAPITAL FINANCIAL PLAN

36 06-6 SAN FRANCISCO CAPITAL PROGRAM Campus Projects Child, Teen, and Family Center (30 Third St.) Mission Bay Block 3A Site Utility Loop Connection Mission Bay East Campus Phase (Block 33) Mission Bay Neurosciences Research Building (Block 3A) Current Term (06-7 to 0-) Total P3 P3 3 EF 3,000 EF, GF, CF 37,000 GF, EF 37,000 Parnassus Library Renewal CF 37,000 ZSFG Research Building Seismic Replacement Minnesota Street Graduate Student and Trainee Housing Millberry Union / Ambulatory Care Center Garage Spall Repair Mission Center Building Densification EF, CF 03,000 AUX EF, AR 3,000 3 EF 7,000 3 EF, CF 00,000 UC Hall Seismic Program EF, CF 08,000 Surge Building Decant 3 CF,000 Parnassus Streetscape Phase EF Capital Projects 0-3 to 05-6 EF, CF Capital Projects $5M to $0M $5M - Facility Investment Needs $5M - Infrastructure $5M - Renovation $5M - Parking & Housing Campus Projects Total CF 8,000 EF, CF, HR, AR EF, CF, HR, AR EF, HR, AR EF, CF, HR EF, CF, HR EF, CF, HR 7,000 CF CF CF CF CF AR 3,000 CF CF CF CF CF CF 73,000 CF AUX AR AR, EF AR 3,000,4, ,000 7,000 5,000 53,000 5,000,78,000 EF, CF, HR, AR a. = Education and General AUX = Auxiliary = Budget Update = Scope Update 3 = New Project b. Capital Projects $5M to $0M (): - Mission Bay Northwest Campus Infrastructure - Parnassus Streetscape Phase Medical Center Projects Current Term (06-7 to 0-) Total ACC 7 Transplant Remodel MC HR, GF 3,000 Moffitt / Long 3 Radiology Renovation Precision Cancer Medicine Building at Mission Bay Clinical Space Renovation and Expansion Program MC HR,000 MC GF, CF 50,000 MC 3 HR HR HR 58,000 Inpatient Psych Unit MC 3 HR, UNIVERSITY OF CALIFORNIA

37 Medical Center Projects Capital Projects 0-3 to 05-6 Capital Projects $5M to $0M $5M - Infrastructure $5M - Renovation Medical Center Total MC Current Term (06-7 to 0-) Total MC HR HR HR 3,000 MC HR HR HR HR HR HR 48,000 HR MC HR HR HR HR HR HR 97,000 HR 354,000 48,000 8,000 49,000 9,000 35, ,000 HR a. MC = Medical Center = Budget Update = Scope Update 3 = New Project b. Capital Projects $5M to $0M: Moffitt / Long 3 Radiology XMR MRI & Intervention ACC Plaza Pain Management Project Mount Zion Hellman Demolition State Projects Parnassus Health Sciences Instruction and Research Life Safety Improvements (Design) State General Funds 07-8 State Capital Budget Total 3 SG 3,000 3,000 3,000 a. = Education & General 3 = New Project State Eligible Projects Parnassus Health Sciences Instruction and Research Life Safety Improvements (Construction) Emergency Power Fuel Oil Tank Upgrades Parnassus Dentistry Building Renewal Mount Zion Cancer Research Building Renewal Parnassus Fire Line Seismic Upgrade Phase Parnassus Underground Utility Reliability Upgrades - Phase Five-Year Capital Outlay Plan for State Funds Total 3 SE 47,000 SE, HR 0,000 SE 6,000 SE,000 SE, HR,000 SE, HR 6,000 State Eligible 47,000 3,000 4,000 0,000 Non-State Contribution 4,000 9,000 3,000 Total 47,000 36,000 50,000 33,000 a. = Education and General = Budget Update 3 = New Project CAPITAL FINANCIAL PLAN

38 06-6 SANTA BARBARA CAPITAL PROGRAM Campus Projects Bioengineering Building (Equipment) Jeff and Judy Henley Hall - Institute for Energy Efficiency Building North Campus Open Space Ocean Science Education Bldg (OSEB) Phase Current Term (06-7 to 0-) Total CF, EF,000 GF, CF 5,000 OG 0,000 GF 0,000 Aquatics Center AUX GF 8,000 North Campus Faculty Housing Phase IV AUX EF 6,000 Mesa Verde Apartments AUX EF 90,000 North Campus Faculty Housing Phase V AUX EF 7,000 Mesa Verde Apartments AUX EF 90,000 Bioengineering GF 55,000 Mesa Verde Apartments 3 AUX 3 EF 90,000 College of Creative Studies GF 35,000 Climate Research Building GF West Campus Ranch House $5M $5M Campus Projects Total GF GF, CF GF, CF CF CF CF CF 3,000 CF AUXL AR AR, CF AR AR, CF AR AR, CF 7,000 AR, CF 75,000 68,000 5,000 96,000 53,000 45,000 55,000 a. = Education and General AUX = Auxiliary = Scope Update 3 = New Project The Mesa Verde Apartments 4 project was listed in the 05-5 Capital Financial Plan and is now removed from the program. State Eligible Projects Davidson Library Addition and Renewal (Equipment) 07-8 Five-Year Capital Outlay Plan for State Funds Total SE,000 Phelps Hall Renovation GO SE 3,000 Classroom Building Infrastructure Renewal Phase 3 SE SE 50,000 CF SE, CF 0,000 Ellison Hall Renovation SE SE 3,000 Engineering 3 Building SE SE 33,000 Physics Building SE SE 33,000 Broida Renovation SE 43,000 3 UNIVERSITY OF CALIFORNIA

39 State Eligible Projects Engineering Buildings Renovation South Hall and HSSB Renovation 07-8 Five-Year Capital Outlay Plan for State Funds Total SE 43,000 SE 43,000 Buchanan Hall Renovation SE Public Safety Building Expansion Capital Renewal/Deferred Maintenance SE 3 SE SE SE SE SE 60,000 SE State Eligible 3,000 3,000 95,000 87,000 40, ,000 Non-State Contribution 5,000 5,000 Total 3,000 36,000 95,000 87,000 40,000 57,000 a. = Education and General = Budget Update = Scope Update 3 = New Project The Music Building Seismic Correction/Academic Building Addition project was listed in the 05-5 Capital Financial Plan and is now removed from the State program. CAPITAL FINANCIAL PLAN

40 06-6 SANTA CRUZ CAPITAL PROGRAM Campus Projects Telecommunications Infrastructure Improvements Phase C Crown College Residence Halls Major Maintenance CF, AR Current Term (06-7 to 0-) Total CF, AR, UR, EF AUX AR, EF AR,000,000 Deferred Maintenance 3 EF ER EF 5,000 P3 Student Housing AUX 3 P3 P3 Student Housing Infrastructure for P3 Student Life Seismic Corrections Phase B Preliminary Plans for State Eligible Academic Space (P only) College Eight and Porter College Dining Expansion Oakes College Apartments Capital Renewal Science & Engineering Library Collaborative Learning Hub Statewide Energy Partnership (SEP) Program University House Redevelopment Kresge College Housing Capital Renewal Science & Engineering Library Information Commons Crown Merrill, Redwood Grove, and Grad Housing Apartments Capital Renewal Ranch View Terrace Phase Resource Recovery Facility Phase Science & Engineering Library Student Study Space Level Science & Engineering Library Student Study Space Level 3 UCO Instrumentation Facility Capital Projects 0-3 to 05-6 Capital Projects 0-3 to 05-6 Capital Projects $5M to $0M (see note b) $5M Capital Projects $5M to $0M (see note c) $5M Campus Projects Total AUX 3 AR 40,000 AUX UR, CF 4,000 3 CF 3,000 AUX AR, EF 37,000 AUX AR, EF 44,000 GF 4,000 CF, EF CF, EF 8,000 CF, EF 3 GF,000 AUX EF, AR 70,000 GF,000 AUX 3 AR 30,000 AUX P3 P3 OG GF GF AUX CF, AR, UR CR, AR, UR, EF EF CF AR 3,000 EF, GF CF CF CF CF CF CF,000 CF, GF AUX AR AR AR, EF AR, EF,000 AUX AR AR, UR AR AR, OG AR AR,000 AR, OG 03,000 08,000 6,000 6,000 34,000, ,000 Table notes may be found on the next page. 34 UNIVERSITY OF CALIFORNIA

41 Campus Project Table a. = Education and General AUX = Auxiliary = Budget Update = Scope Update 3 = New Project These Campus projects were listed in the 05-5 Capital Financial Plan and are now removed from the program: - Upper East Field Improvements - Institute of the Arts and Sciences - Genomics Institute Building - Recreation and Athletics Facilities Expansion Phase - Upper Quarry Amphitheater Renovation and Expansion Phase b. Capital Projects $5M to $0M (): - Core East Electrical Infrastructure Improvements - Science & Engineering Library Café - Telecommunications Infrastructure Improvements Phase D - West Jordan Gulch Pedestrian Bridge c. Capital Projects $5M to $0M (AUX): - Chinquapin Road Parking Phase - East Remote Parking Renovation - Student Housing Telecommunications Infrastructure Upgrades Phase - Student Housing Telecommunications Infrastructure Upgrades Phase State Eligible Projects Alterations for Academic Programs Phase Circulation and Infrastructure Extensions Phase Deferred Maintenance and Capital Renewal Infrastructure Improvements Phase 3 Instructional Facilities Kresge College Non- Housing Capital Renewal Oakes College Non- Housing Capital Renewal Five-Year Capital Outlay Plan for State Funds Total SE,000 SE 6,000 SE SE 3,000 SE SE,000 SE 74,000 SE 60,000 3 SE 5,000 Social Sciences 3 SE 09,000 Infrastructure Improvements Phase 4 Instructional Facilities Upgrades SE,000 SE,000 Silicon Valley Center SE 3,000 Alterations for Physical, Biological, and Social Sciences Instruction and Research Building Infrastructure Improvements Phase 5 Capital Projects 0-3 to 05-6 Total State Eligible SE 8,000 SE 88,000 SE, ,000 73,000 06,000 37, ,000 SE a. = Education and General = Budget Update = Scope Update 3 = New Project CAPITAL FINANCIAL PLAN

42 DIVISION OF AGRICULTURE AND NATURAL RESOURCES Division Project Hansen Agricultural Learning Center Research Facility Division Project Total Current Term (06-7 to 0-) Total CF 7,000 7,000 7,000 a. = Education and General State Eligible Projects Five-Year Capital Outlay Plan for State Funds Total REC Energy Efficiencies 3 SE,000 REC Facilities Renewal and Improvements-Network Modernization REC Facilities Renewal and Improvements-Irrigation Efficiencies South Coast REC Field Laboratory and Multipurpose Facility West Side REC Field Laboratory and Multipurpose Facility Laboratory and Multipurpose Facility Sierra Foothill REC Field Laboratory and Multipurpose Facility Desert REC Field Laboratory and Multipurpose Facility Capital Projects 0-3 to 05-6 Total State Request (includes <$400K non-state Funds) 3 SE,000 SE,000 SE,000 SE, GF, CF,000 3 SE, GF,000 SE,000 3,000 4,000 4,000,000 3,000 SE, GF a. = Education and General = Budget Update 3 = New Project 36 UNIVERSITY OF CALIFORNIA

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