HOT TOPICS for the April 28, 2010

State Allocation Board MeetingPresented By

Status of Fund Releases General Obligation Bond/Proposition 1D (March 2009 Sale)

Proposition Bond Proceeds Amount Funds Released Bond ProceedsBalance

Percent of BondProceeds Released

1D $548 $547.93 $0.07 99%

General Obligation Bond (April 2009 Sale)Proposition Bond Proceeds

AmountFunds

ReleasedBond Proceeds

BalancePercent of Bond

Proceeds Released

1D $ 587.7 $ 479.2 $108.5 82%

55 428.5 395.5 33.0 92%

47 422.3 414.6 7.7 98%

Grand Total $1,438.5 $1,289.3 $149.2 90%

General Obligation Bond (October Sale) and Commercial Paper (November)

Proposition Bond Proceeds Amount Funds ReleasedBond Proceeds

BalancePercent of Bond

Proceeds Released

1D $427.1 $66.8* $360.3 16%

55 56.7 15.1 41.6 27%

47 45.1 0 45.1 0%

Grand Total $528.9 $81.9 $447.0 15%* Reflects posting to reduce administrative cost for 2010-2011 fiscal year. Administrative cost will be determined in Governor’s 2010-2011 Budget Act.

General Obligation Bond (November Sale) and Commercial Paper (December)

Proposition Bond Proceeds

Amount Funds ReleasedBond Proceeds

BalancePercent of Bond Proceeds

Released

1D $58.8 $0 $58.8 0%

47 52.6 0 52.6 0%

Grand Total $111.4 $0 $111.4 0%

The projects activated at the February 24, 2010 SAB will be processed from the proceeds received in November and December 2009. The tax certification was submitted to the State Treasurer’s Office on March 10, 2010 and completed by the Treasurer’s on April 15 and 19th, 2010.

General Obligation Bond (March 2010 Sale)

Proposition Bond Proceeds

Amount Funds ReleasedBond Proceeds

BalancePercent of Bond

Proceeds Released

1D $757.0 $0 $757.0 0%

55 353.3 0 353.3 0%

47 240.9 0 240.9 0%

Grand Total $1351.2 $0 $1351.2 0%

Projects that will be activated for these funds are currently being determined.

Status of Fund Releases

General Obligation Bond Sale Funds Released by Month

400.1

110.8

300.0

38.217.2

72.7123.3

20.7 11.7 26.0

250.5

$0$50

$100$150$200$250$300$350$400$450

*4/2

4/20

09

*5/2

4/20

09

*6/2

4/20

09

7/24

/200

9

8/26

/200

9

9/23

/200

9

11/4

/200

9

1/11

/201

0

2/1/

2010

3/1/

2010

4/1/

2010

Date of Report

In M

illio

ns

* Previously June showed accumulations of three months of fund releases (April, May and June). Starting April 2010 SAB the bar is broken down into three separate months.

Status of Fund Releases

Status of Fund Releases

Charter School Facilities ProgramAgreements—Additional Versions

Consent Specials

Specials/Appeals

Priorities in Funding

Specials/Appeals

School Facility Program Activation of Unfunded

Approvals

Specials/Appeals

Prior Bond Sale Proceeds

March 2010 Bond Sale Proceeds

Total AvailableProceeds

Prop. 47 $ 25.2 $ 240.9 $ 266.1

Prop. 55 0.0 353.2 353.2

Prop. 1D 0.2 757.0 757.2

Prop. 1D Loan 0.0 0.0 0.0

$ 25.4 $ 1,351.1 $ 1,376.5

Bond proceeds received from sales must be allocated according to the restrictions placed on the use of those funds.

Specials/Appeals

Total AvailableProceeds

Unfunded Approvals as of

4-26-2010

Proposed Apportionments

Remaining Fund

Balance

Remaining Unfunded Approvals

Prop. 47 $ 266.1 $ 766.7 $ 262.0 $ 4.1 $ 504.7

Prop. 55 353.2 344.3 342.5 10.7 1.8

Prop. 1D 757.2 1,074.2 356.2 401.0 718.0

Prop. 1D Loan 0.0 20.5 0.0 0.0 20.5

$ 1,376.5 $ 2,205.7 $ 960.7 $ 415.8 $ 1,245.0

The OPSC has requested direction from the SAB on prioritizing the remaining $415.8 million for additional apportionments.

Reports

High Performance Incentive Grant Funding

Emergency Item

Office of Public School Construction Earthquake Relief Measures

What’s New At the DSA

Bin Time Statistics:

• Bin Time = project plans awaiting review

• Bin Time reduced from 12 to 5 weeks in 30 days

• Continued efforts at maintaining bin time reduction

• Current average: 4.4 weeks

Average Bin Time (in weeks)

What’s New At the DSA

Plan Review Updates:Projects in the bin 1-21-2010: 285

Received through 4-23-2010: 513

TOTAL: 798 projects

Incomplete Submittals: 279 projects

35% of total

Average days before missing

documents were submitted : 47 days

What’s New At the DSA

Prioritization of Plan Reviews:

• One-year anniversary of DSA policy

• Prioritization of plan reviews for Category 1 & Category 2 projects

• DSA may review progress of projects: did construction begin in time specified?

• DSA may check OPSC records: did Category 1 projects seek State funding?

What’s New At the DSA

Prioritization of Plan Reviews (cont.):

Plans to improve the process:

• Revised Form DSA-10 & Bulletin

• Clarified Instructions

• Extended time to begin construction

• Notice to Proceed required to determine construction start date

What’s New At the DSA

Seismic Mitigation Program Outreach:

• Funding for structural evaluations of buildings identified as eligible

• DSA review of historic plan documents to confirm building eligibility

• Continued direct communication with districts with buildings eligible for replacement/retrofit

Seismic Safety and Calexico Schools. Seismic Performance in the April 4th

2010 Mexicali Earthquake

The Division of the State ArchitectApril 2010

2020

Enrique Camarena Jr. HS 4/5/2010

21

Rockwood Elementary 4/5/2010

22

Jefferson Elementary 4/5/2010

Kennedy Gardens Elementary 4/5/2010

23

Dool Elementary 4/5/2010

24

Cesar Chavez Elementary 4/5/2010

25