COBI 2015 - Property Acquisition

Overview
Issues
Performance
Financials

Sources Uses

FY 2016 Appropriation

By definition, any purchase of real property where an appropriation is requested to fund the purchase is a capital development. The Legislature uses this line item to fund acquisitions of existing real property, whereas it uses the Capital Development line item to fund construction of buildings.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $3,000,000 from all sources for Property Acquisition. This is a 25 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $3,000,000 from the General/Education Funds, a reduction of 25 percent from revised Fiscal Year 2015 estimates.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time University Plaza Classroom & Land Bank$0$3,000,000

OngoingOne-TimeFinancing Source

$0$3,000,000Education Fund, One-time

University Plaza Classroom & Land Bank Dixie State University

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Expenditure Category

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Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Building/Land Purchases	0	0	0	0	0	0	0	0	0
BATC Bourns Building	0	0	0	0	0	0	0	0	0
Courts Provo Land Purchase	0	0	0	0	0	0	0	0	0
Courts St. George Land Purchase	0	0	0	0	0	0	0	0	0
MATC Northern Utah County Land Purchase	0	0	0	0	0	0	0	0	0
SWATC Land Purchase	0	0	0	0	0	0	0	0	0
CEU Dormitories	0	0	0	0	0	0	0	0	0
USU Uintah Basin Building	0	0	0	0	0	0	0	0	0
DSC Auxiliary Facilities	0	0	0	0	0	0	0	0	0
Heber Wells Building Parking	0	0	0	0	0	0	0	0	0
Snow College Sevier Valley Center	0	0	0	0	3,000,000	0	3,000,000	(3,000,000)	0
CEU Energy Training Center	0	0	0	0	0	0	0	0	0
DXATC Land Purchase	0	0	2,500,000	0	0	0	0	0	0
DAS BOA Capital Projects	0	0	0	0	0	0	0	0	0
Dixie East Elementary	0	0	0	500,000	1,000,000	0	1,000,000	(1,000,000)	0
DSU University Plaza Classroom and Land	0	0	0	0	0	0	0	3,000,000	3,000,000
Total	$0	$0	$2,500,000	$500,000	$4,000,000	$0	$4,000,000	($1,000,000)	$3,000,000

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
General Fund, One-time	0	0	0	500,000	0	0	0	0	0
Education Fund, One-time	0	0	2,500,000	0	4,000,000	0	4,000,000	(1,000,000)	3,000,000
Total	$0	$0	$2,500,000	$500,000	$4,000,000	$0	$4,000,000	($1,000,000)	$3,000,000

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Other Charges/Pass Thru	0	0	2,500,000	500,000	4,000,000	0	4,000,000	(1,000,000)	3,000,000
Total	$0	$0	$2,500,000	$500,000	$4,000,000	$0	$4,000,000	($1,000,000)	$3,000,000

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.