up
Budget Year / Version:  
anchor
anchor
anchor

Description

This project provides a means to implement energy savings performance contracting as a mechanism to reduce the County's energy usage and perform strategic facility upgrades with significantly reduced capital costs. These contracts performed by Energy Services Companies (ESCOs) have been used extensively by the Federal government and other State and local jurisdictions to accomplish energy saving retrofits in a variety of facility applications. For each facility proposed, a unique prescriptive energy conservation analysis (audit) is conducted. Savings are associated with each element (energy conservation measure) of the analysis. Ultimately, the compilation of the measures defines the project. Third-party funding (bonds or commercial loans) covers the cost of the contract. A key feature of Energy Savings Performance Contracts (ESPC) is that General Obligation (G.O.) bonds are not required for the contract costs. A financing mechanism is initiated to cover the cost of the contract and the repayment of the debt is guaranteed through the energy savings. G.O. Bonds are required to cover associated staffing costs.
anchor

Phase

Ongoing

Status

Closeout
anchor
Budget Snapshot
$21.42M Total
Expenditures/Funding
$0M 6 Year Total
Expenditures/Funding
anchor

Estimated Schedule

Projects are identified and scheduled based on potential energy savings, feasibility, and coordination with other activities at project locations.
anchor

Cost Change

Project costs decrease as project enters closeout and unneeded programmed funds are removed.
anchor

Justification

Implementation of this project is consistent with the County's continuing objective to accomplish environmentally friendly initiatives as well as limit the level of G.O. Bonds. The objective of the individual building projects is to permanently lower the County's energy usage, reduce its carbon footprint and save considerable operating expenses.
anchor

Other

The proposals outlined in this program are developed in conjunction with the Department of Finance, and the Office of Management and Budget. Financial consultants will be employed to advise and guide decisionmaking. Projects will be implemented based on energy savings potential as well as operational and infrastructure upgrades.
anchor

Fiscal Note

In FY23 $339,000 in G.O. Bonds was transferred from this project to the HVAC/Elec Replacement: MCG project.
anchor

Disclosures

Expenditures will continue indefinitely.
anchor

Coordination

Department of General Services, Department of Finance, and Office of Management and Budget.
Download & Explore
Budget Snapshot
$21.42M Total
Expenditures/Funding
$0M 6 Year Total
Expenditures/Funding
anchor
Project Details
Project NumberP361302
Date Last Modified01/06/24
Administering AgencyGeneral Services
CategoryGeneral Government
SubCategoryCounty Offices and Other Improvements
Planning AreaCountywide
anchor
Total Expenditures by Cost Element (000s)
anchor
Total Funding by Source (000s)
EXPENDITURES (000s)
Cost ElementsTotalThru FY23Est FY24Total 6 YearsFY 25FY 26FY 27FY 28FY 29FY 30Beyond 6 Years
Planning, Design and Supervision24142414000000000
Land00000000000
Site Improvements and Utilities00000000000
Construction1900519005000000000
Other11000000000
Total Expenditures2142021420000000000
FUNDING (000s)
Funding SourceTotalThru FY23Est FY24Total 6 YearsFY 25FY 26FY 27FY 28FY 29FY 30Beyond 6 Years
G.O. Bonds5555000000000
Long-Term Financing1956819568000000000
PAYGO17971797000000000
Total Funding Sources2142021420000000000
APPROPRIATION AND EXPENDITURE DATA ($000s)
Appropriation FY 25 Request0
Year First AppropriationFY13
Appropriation FY 26 Request0
Last FY's Cost Estimate142561
Cumulative Appropriation121961
Expenditure / Encumbrances21625
Unencumbered Balance100336