KENTUCKY STATE UNIVERSITY BOARD OF REGENTS
ACTION ITEM 10J
ACTION ITEM
Approval of Phase I (FY23: $8,039,000) Campus-wide Capital Improvement Projects:
(Biennial Asset Preset Preservation Funding $16,078,000: Phase II, FY24-$8,039,000)
FACTS:
Years of deferred maintenance and maintenance backlogs have led to the deterioration of buildings and structures on the campus of Kentucky State University. The lack of routine repairs to campus assets and infrastructures due to limited, insufficient, or the mismanagement of resources further exacerbates this matter. Eventually, not completing these necessary maintenance tasks have led to safety issues, acute and chronic breakdowns, and long-term structural damages that are now more costly.
On October 12, 2022, the Kentucky State University's Board of Regents, pursuant to KRS 45A.380, approved a declaration of emergency relating to campus facilities. That declaration led to the current contract with Sodexo, Inc. that began on January 17, 2023 to manage facility related services that includes but is not limited to onsite technical service management, asset management, and building maintenance at Kentucky State University.
The contract with Sodexo, Inc. has provided the necessary project management oversight and capacity needed to intentionality that enables KSU to develop and manage capital planning and facility upgrades utilizing Asset Preservation funding appropriated by the 2022 General Assembly for Fiscal Years 2023 – 2024.
The enacted budget (RS 2022 HB 1) specifies the following matching requirements for accessing Asset Preservation Pool funds:
Each project for research institutions shall be matched at 30 percent from funds provided by each research institution (30¢ per state $1.00)
Each project for comprehensive institutions and KCTCS shall be matched at 15 percent from funds provided by each comprehensive institution and the KCTCS (15¢ per state $1.00)
Eligible sources of matching funds include cash, agency bonds, private funds, grants, or other institutional funds
General Fund appropriations cannot be used as a match.