California Department of Education
Report to the Governor, Legislature, and the Legislative Analyst's Office:
Child Care Facilities Revolving Fund 2012-13 Annual Report
On or before August 1 of each fiscal year (FY), the State Superintendent of Public Instruction is required, per Section 8278.3(b) of the California Education Code (EC), to report on the Child Care Facilities Revolving Fund (CCFRF). The report is to include: (1) the number of funding requests received and their purpose, (2) the types of agencies that received funding from the CCFRF, (3) the increased capacity that these facilities generated, (4) a description of the manner in which the facilities are being used, and (5) a projection of the lease payments collected and the funds available for future use.
Since the inception of the CCFRF program in FY 1997–98, the California Department of Education (CDE) has received 1,161 applications for funding of child care facilities projects. Currently, the CDE has 198 executed contracts with participating agencies for the funding of new relocatable buildings. Overall, these relocatable buildings have the potential to increase capacity and serve approximately 11,665 children in California.
Due to the revolving nature of the CCFRF, the program fund balances fluctuate annually based on loan repayments received from participating agencies. In FY 2012–13, the CDE received $3.9 million in repayments to the CCFRF. Over the last 15 FYs, the Budget Act appropriations as well as the additional loan repayments have facilitated the CDE’s commitment of approximately $127.3 million in facilities funding to child care agencies through an application process to the CCFRF.
The CCFRF began FY 2012–13 with an initial available fund balance of approximately $11.1 million, and the CDE received one new application for funding under the CCFRF.
In FY 2012–13, the Budget Act allocated $5 million from the CCFRF balance for use on a one-time basis for the necessary renovations and repairs of facilities. The CDE awarded the full $5 million to 93 Facilities Renovation and Repair (FRR) applicants. The amount of FRR funds requested exceeded the allocated FRR funds; therefore, 62 FRR applicants did not receive FRR funding.
If you have any questions or need additional information, please contact Alice Ludwig, Associate Governmental Program Analyst, Child Development Division, by phone at 916-327-0197 or by e-mail at firstname.lastname@example.org.