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CCFRF FY 2015-16 Annual Report - Legislative Report


California Department of Education
Report to the Governor, Legislature, and the Legislative Analyst's Office:
Child Care Facilities Revolving Fund 2015-16 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 1,175 applications for funding of child care facilities projects. Currently, the CDE has 120 executed contracts with participating agencies for the funding of new relocatable buildings. Overall, these relocatable buildings have the potential to increase capacity and serve 12,430 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 2015–16, the CDE received $2.9 million in repayments to the CCFRF. Over the last 18 FYs, the Budget Act appropriations as well as the additional loan repayments have facilitated the CDE’s commitment of approximately $162.1 million in facilities funding to child care agencies through an application process to the CCFRF.

The CCFRF began FY 2015–16 with an initial available fund balance of $30.4 million, and the CDE received four new applications for funding under the CCFRF.

In FY 2015–16, the CCFRF allocation was not augmented.

If you have any questions or need additional information, please contact Bill Rhinehart, Staff Services Analyst, Early Education and Support Division, by phone at 916-322-4876 or by e-mail at brhinehart@cde.ca.gov.

Child Care Facilities Revolving Fund 2015-16 Annual Report
http://www.cde.ca.gov/sp/cd/op/documents/ccfrf1516legrpt.doc

Questions:   Early Education and Support Division | 916-322-6233
Last Reviewed: Monday, January 7, 2019
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