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20-977 Division of Administration - Debt Service and Maintenance

Program Authorization: R.S. 39:1796

PROGRAM DESCRIPTION

This funding represents the Division of Administration's payments for bonded indebtedness on state buildings maintained by the Louisiana Office Building Corporation and the Office Facilities Corporation. The Louisiana Office Building Corporation is a nonprofit, quasi-public corporation which was created to construct or acquire and lease buildings and facilities on behalf of and for the benefit of the state and may finance such acquisitions by issuing bonds. Space and rental allocation in this schedule for this corporation is for the Education Office building and the Baton Rouge Office building lot rental. The Louisiana Office Facilities Corporation is a nonprofit corporation, which finances the acquisition or construction of public facilities for lease to the state through the issuance of revenue bonds. Rental cost components in this schedule for this corporation are the Brandywine State Complex, Wooddale State Office Building, Human Services Center, and Harvey State Office building.

LOUISIANA OFFICE BUILDING CORPORATION - FISCAL YEAR 1998-99

FACILITY

DEBT SERVICE CHARGE

TO BE PAID BY DOA

INVOICED TO TENANTS

Baton Rouge Office Building Lot Rent

$15,600

$15,600

 

Education Office Building *

$618,963

$73,170

$545,793

Total

$634,563

$88,770

$545,793

 

 

 

 

* EDUCATION OFFICE BUILDING:

 

 

 

AGENCY TENANTS:

RENT PER SQ FT.

SPACE OCCUPIED:

PAYMENT:

Department of Education

$3.84760

97,750

$376,103

Division of Administration. - Computer Center

$3.84760

19,017

$73,170

Office of Risk Management

$3.84760

24,058

$92,565

Department of Justice

$3.84760

20,045

$77,125

Total

$3.84760

160,870

$618,963

OFFICE FACILITIES CORPORATION - Rental Cost Components - Fiscal Year 1998-99

BUILDINGS

TOTAL RENT(rounded)

PARKING*

DEBT SERVICE

REPAIR AND EQT. REPLACEMENT FUND

MGMT. & SUPR. CONTRACT

MAINT. & OPER. COST

ORM PREMIUM

Brandywine State Complex

$1,041,938

$40,800

$410,144

$142,401

$14,833

$420,325

$13,435

Wooddale State Office Building

$1,109,193

 

$323,656

$155,355

$16,183

$597,954

$16,045

Human Services Center

$769,379

 

$255,442

$91,501

$9,532

$406,514

$6,390

Harvey State Office Bldg.

$1,504,272

 

$734,482

$193,444

$20,150

$533,986

$22,210

Total

$4,424,782

$40,800

$1,723,724

$582,701

$60,698

$1,958,779

$58,080

 

 

 

 

 

 

 

 

Brandywine State Complex - per square foot

$13.24

 

$5.53

$1.92

$.20

$5.41

$.18

Wooddale State Office Bldg - per square foot.

$13.71

 

$4.00

$1.92

$.20

$7.39

$.20

Human Services Center - per square foot

$16.14

 

$5.36

$1.92

$.20

$8.53

$.13

Harvey State Office Bldg.- per square foot

$14.93

 

$7.29

$1.92

$.20

$5.30

$.22

* Parking at Brandywine is charged directly to the Department of Social Services and is not part of the rate.

This agency's recommended appropriation does not include any funds for short-term debt.

This agency's recommended appropriation includes $5,059,345 for long-term debt.

SOURCE OF FUNDING

The source of funding for this program is state general fund, self-generated revenue and interagency transfers from agencies housed in state buildings and assessed a rental charge.

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

 

DESCRIPTION

 

 

 

 

 

$128,763

$5,031,601

0

 

ACT 18 FISCAL YEAR 1997-1998

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$0

0

 

None

 

 

 

 

 

$128,763

$5,031,601

0

 

EXISTING OPERATING BUDGET - December 10, 1997

 

 

 

 

 

$19,998

$27,744

0

 

Adjustment to debt schedule based upon the occupants of the office buildings with their appropriate means of financing

 

 

 

 

 

$148,761

$5,059,345

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$19,998

$27,744

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 100.6% of the existing operating budget. It represents 100.0% of the total request ($5,059,345) for this program. The recommended is reflective of the debt service/maintenance schedule requirements for Fiscal Year 1999.

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1998-1999.

OTHER CHARGES

 

 

Debt Service:

$5,059,345

 

Debt service on state buildings

 

 

 

$5,059,345

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1998-1999.


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