Frederick Community College Facilities Master Plan Chapter 2 Environmental Scan 2-27 May, 2023 SUMMARY -- FACILITY MASTER PLAN POTENTIAL IMPACTS Frederick Community College Facility Master Plan Potential Impacts: The data and information suggest the following built environment needs as already identified by Frederick Community College in prior facility master plans, strategic plans, institutional research reports and articulated in the presidential search prospectus (note: not in priority order): • Welcome Center/Gateway • Physical Education/Athletic NJCAA/Health and Fitness Center • Assembly Space • Designated Pre K-12 Space(s) • Expanded Student Services • DEI/Multicultural Space • Systemwide Infrastructure Renewal Program • Expanded Workforce Development and Training • Expanded Fine and Theater Arts The State of Maryland has seven fund sources to support the capital program. The sources are in two categories: Debt and PAYGO. The Capital Debt Affordability Committee (CDAC) annually submits to the Governor and the General Assembly its estimate of the maximum amount of new general obligation debt that may be authorized for the ensuing fiscal year. The Committee’s estimate is advisory and not binding upon the Governor. The Spending Affordability Committee (SAC) includes leadership representation from both houses of the Maryland General Assembly. SAC reviews the status and projections of State revenues and expenditures and the status and projection of the Maryland economy in an effort to limit the rate of growth of State spending to ensure it does not exceed the rate of growth of the State’s economy. Annually they recommend to the Governor and the Legislative Policy Committee the fiscal goals of the State government budget to be considered at the next General Assembly session. The State continues to be supportive of the capital program due to the State’s large structural budget surplus due to revisions in the estimated State revenues upward and the enactment of the federal American Rescue Plan Act (ARPA).82 Community College funding is supported by two other components, the local government and student tuition and fees. In an effort to keep student tuition and fees low, Frederick Community College has even forgiven debt due to the pandemic. Frederick County continues to absorb a higher rate of increase in support of the community college than the State. External factors at the global and national level could have a negative impact in addition to the pandemic. Currently the COVI-19 pandemic has disrupted the construction material supply chain and prices for materials and labor have increased on average 13.4% over the last two years.83 Lastly, the annual inflation factor for cost estimating has been raised from 4.5% to 5.0%. 82 Department of Legislative Services. Office of Policy Analysis. Annapolis, Maryland. Capital Budget Fiscal Briefing. February 2022. p.14 83 ibid. p. 13
RkJQdWJsaXNoZXIy MTc2ODM1