Return to Agency Capital Project Detail
Office of Financial Management



Capital Overview

The Office of Financial Management (OFM) provides oversight and direction to state agencies in the development and implementation of the state's Ten-Year Capital Plan. As a result of an increased focus on capital spending and debt management issues, OFM has initiated a number of changes in the capital budgeting process over the past two biennia.

OFM's capital budget staff perform technical reviews of all major construction projects prior to expenditure of funds, resulting in cost savings as well as better planned and executed projects. A second budget-related process involves the use of Budget Evaluation Study Team (BEST) studies. These studies by an independent technical team at the point of budget development use value engineering techniques and have resulted in major cost savings and efficiency measures. Combined with an improved predesign review process, these measures will have lasting impact on the state's capital budgeting process.

OFM administers pooled appropriations for underground storage tank management and asbestos abatement as well as capital needs associated with the Americans with Disabilities Act (ADA). This pooled approach has proven effective in evaluating projects and controlling costs. OFM will review specific requests from individual agencies for these funds and allocate the money based on prioritized needs.


Capital Plan Highlights

1997-99 Agency Detail
Office of Financial Management
98-1-001
Underground Storage Tank - Pool
Funds will be allocated to state agencies and institutions to address underground storage tank replacement and remediate contaminated soil.
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Prior Biennium Current Biennium Reappropriations Appropriations Future Cost Total Cost
400,000 3,000,000 7,000,000 10,400,000
Funds: State Building Construction Account - State 10,400,000
98-1-002
Asbestos Abatement and Demolition - Pool
Funds will be allocated to state agencies and institutions to abate asbestos and demolish abandoned structures.
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Prior Biennium Current Biennium Reappropriations Appropriations Future Cost Total Cost
500,000 5,000,000 20,000,000 25,500,000
Funds: State Building Construction Account - State 25,500,000
98-1-003
Americans with Disabilities Act - Pool
Funds will be allocated to agencies and institutions to facilitate program access improvements to state-owned facilities.
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Prior Biennium Current Biennium Reappropriations Appropriations Future Cost Total Cost
500,000 6,000,000 24,000,000 30,500,000
Funds: State Building Construction Account - State 30,500,000
98-1-006
Capital Budget System Improvements
Funds will be used by OFM to perform value engineering studies, implement computer enhancements, and continue capital budget system improvements.
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Prior Biennium Current Biennium Reappropriations Appropriations Future Cost Total Cost
200,000 100,000 300,000 1,200,000 1,800,000
Funds: State Building Construction Account - State 1,800,000