School Facilities Needs Analyses/Fee Justification Studies
Description
As provided by Proposition 1A, School Facilities Needs Analyses are required to levy impact fees in excess of $2.05 per residential square foot. Needs Analyses may be prepared District-wide or for selected high school attendance areas and must be updated annually.
Objective
Ensure that new development pays for its fair share of new school facilities, net of State funding.
Provide reimbursement from the State for payment of developer fees in excess of 50 percent mitigation, as allowed by Proposition 1A. In the absence of reimbursement agreements, State funding apportionments may be reduced or districts must accept lower developer fees.
Objectives
Create win-win partnerships with homebuilders to ensure that funding is available when needed to construct new schools.Minimize local funding burden.
Strategic Funding Plans ("SFPs") identify District-wide funding needs, funding sources, and implementation requirements to ensure that school improvements are funded and available when needed.
Objectives
Combine local funding resources to effectively leverage State funding under Proposition 1A. Minimize funding burden on local taxpayers.
Financial advisory ("FA") services provided by PEI are different than those provided by most other FA firms, including both financial planning and implementation, and often involving 501(c)(3) corporations.
Objectives
Provide a comprehensive, integrated approach to designing and implementing the district's long term strategic funding plan in a manner which maximizes revenue and minimizes costs.
Asset management creates opportunities to increase District revenues for facilities and/or programs. Asset management includes disposition, development, consolidation, or exchange of surplus, underutilized, substandard, or exceptionally valuable District property. Revenues from asset management may be used on a pay-as-you go basis, or applied to debt service for COPs or other debt instruments.
Objectives
Ensure that the District derives maximum value from its surplus assets and complies with statutory requirements for disposing of and acquiring property.
Documents 
Community Development Insights