Capital Budget Record CBR-02
Branch: Executive Branch
Cabinet: Postsecondary Education
Agency: Postsecondary Education Institutions
Appropriation: Kentucky State University
Project Title: Construct Business & Technology Center
KBUD Project Number: 435U18C010
Priority Capital Budget Six-Year Capital Plan
Request 2018-20
Cabinet:
Agency: 2 2
PROJECT DOCUMENTATION
Location (County): Franklin
Reauthorization - Regular Capital Project: Is this a currently authorized project which is being requested for reauthorization and/or additional funding? NO
If (Yes, Additional Funding), provide the following information:
eMars Project Number (Agency, Fund):
New Total Project Cost: $ 41,796,000
This project would construct a new building for the School of Business, the University's largest academic program, and one that will play a key role in the University's Strategic Plan. Proposed to be located on the Main Campus south of US60, adjacent to the proposed pedestrian bridge tower which will connect to Hathaway Hall, this facility will provide a highly visible, state-of-the-art home for the Business school that is currently housed in Bradford Hall. The project will permit the development of educational technologies not now available to the school and enable it to meet its mission of providing professional development classes to the entire Frankfort community. This initiative would be the first step in addressing the programmatic and structural issues related to Bradford Hall, current home of the School of Business. The VFA Condition Assessment and Space Study found Bradford Hall to be substandard space for the Business Program and suggested that both the Business School and the Music/Theater programs, also located in Bradford Hall, would be better served in new facilities. The School, with its new MBA program, hopes to grow 5% each year, but is in a competitive disadvantage at its present location.
Has this project been reviewed by the Department for Facilities and Support Services?
| Fund Source | Requested FY 2017-18 | Requested FY 2018-19 | Requested FY 2019-20 | Requested Total |
|---|---|---|---|---|
| Bond Funds | 0 | 41,796,000 | 0 | 41,796,000 |
| Total Funds | 0 | 41,796,000 | 0 | 41,796,000 |
| Cost Elements | ||||
| Site Survey/Preparation | 0 | 71,000 | 0 | 71,000 |
| Project Design | 0 | 2,712,000 | 0 | 2,712,000 |
| Movable Equipment/Furniture | 0 | 1,481,000 | 0 | 1,481,000 |
| Contingency Expense | 0 | 5,258,000 | 0 | 5,258,000 |
| Construction Costs | 0 | 32,274,000 | 0 | 32,274,000 |
| Total Costs | 0 | 41,796,000 | 0 | 41,796,000 |
Completion Date: 09/2020
| IMPACT ON OPERATING BUDGET | FY1 Amount | FY2 Amount | FY3 Amount | FY4 Amount | FY5 Amount |
|---|---|---|---|---|---|
| Fund Source | |||||
| General Fund | 0 | 358,000 | 368,700 | 379,700 | 391,200 |
| Total Costs | 0 | 358,000 | 368,700 | 379,700 | 391,200 |
| Cost Element | |||||
| Operating | 0 | 217,500 | 224,000 | 230,700 | 237,700 |
| Personnel | 0 | 140,500 | 144,700 | 149,000 | 153,500 |
| Total Expenditures | 0 | 358,000 | 368,700 | 379,700 | 391,200 |
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