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CCFRF FY 2014-15 Annual Report - Legislative Report


California Department of Education
Report to the Governor, Legislature, and the Legislative Analyst's Office:
Child Care Facilities Revolving Fund 2014-15 Annual Report
Executive Summary

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 and loan repayments 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 1,171 applications for funding of child care facilities projects. Currently, the CDE has 173 executed contracts with participating agencies for the funding of new relocatable buildings. Overall, these relocatable buildings have the potential to increase capacity and serve 13,320 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 2014–15, the CDE received $2.6 million in repayments to the CCFRF. Over the last 17 fiscal years, the Budget Act appropriations, as well as the additional loan repayments, have facilitated the CDE’s commitment of approximately $159.2 million in facilities funding to child care agencies through an application process to the CCFRF.

The CCFRF began in FY 2014–15 with an initial available fund balance of $31.2 million, and the CDE received 8 new applications for funding under the CCFRF. In FY 2014–15, the Budget Act amended EC Section 8278.3 (a)(3) to replace the Facilities Renovation and Repair grant with the California Renovation and Repair Loan program. The amendment earmarked $20.6 million in loan funds for the renovation and repair of existing facilities belonging to local educational agencies and non-local educational agencies, to ensure those agencies meet applicable health and safety standards for the expansion of California State Preschool Program services.

If you have any questions or need additional information, please contact Alice Ludwig, Associate Governmental Program Analyst, Early Education and Support Division, by phone at 916-327-0197 or by e-mail at aludwig@cde.ca.gov.

Child Care Facilities Revolving Fund 2014-15 Annual Report
http://www.cde.ca.gov/sp/cd/op/documents/ccfrf1415legrpt.doc

Questions:   Early Education and Support Division | 916-322-6233
Last Reviewed: Thursday, March 22, 2018
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