Rhode Island School of Design

Transcription

1 Rhode Island School of Design FY17 ROPA+ Final Presentation October 19, 217 University of Southern University of Southern Maine University of St. Thomas University of Tennessee, Knoxville University of Texas - Austin University of Texas at Dallas University of Texas Health University of Texas Rio Grande Valley University of the Sciences in Philadelphia University of Toledo University of Vermont University of Washington University of West Florida University of Wisconsin - Madison Vanderbilt University Virginia Commonwealth University Wake Forest University Washburn University Washington State University Washington State University - Tri-Cities Campus Washington State University - Vancouver Washington University in St. Louis Wayne State University Wellesley College Wesleyan University West Chester University West Virginia Health Science Center West Virginia University Western Oregon University Westfield State University Widener University Williams College Worcester Polytechnic Institute Worcester State University Xavier University

2 Who Partners with Sightlines? Robust membership includes colleges, universities, consortiums and state systems Alaska California Florida Hawaii Maine Sightlines has advised state systems in: Massachusetts Minnesota Mississippi Missouri Nebraska Ohio New Hampshire New Jersey Pennsylvania Texas Washington 5 Canadian Provinces 43 States+DC 17 New Members since 213 9% Member Retention rate 36+ ROPA Members 45 Colleges & Universities 2

3 A Vocabulary for Measurement The Return on Physical Assets ROPA SM The annual investment needed to ensure buildings will properly perform and reach their useful life Keep-Up Costs Annual Stewardship The accumulation of repair and modernization needs and the definition of resource capacity to correct them Catch-Up Costs Asset Reinvestment The effectiveness of the facilities operating budget, staffing, supervision, and energy management Operational Effectiveness The measure of service process, the maintenance quality of space and systems, and the customers opinion of service delivery Service Institutions Art Center College of Design Bentley University Berklee College of Music Bowdoin College Brown University California Institute of the Arts Connecticut College Ithaca College Asset Value Change Operations Success Massachusetts College of Art and Design Mount Holyoke College Comparative Considerations Size, technical complexity, region, geographic location, and setting are all factors included in the selection of peer institutions 3

4 Core Comments Waiting for final deck to be established 4

5 Physical Drivers of Campus Users / 1K GSF Similar physical attributes to peer institutions Technical Complexity Less Complex 2.55 Density Factor* Tech Rating A B C RISD D E F G H I J More Complex Density Factor Impacts: Wear & Tear of Space Life Cycles of Building Components Operational Demands Tech Rating Impacts: Repair & Replacement Costs Energy Consumption Levels A B C RISD D E F G H I J Peer Group 5 Operational Demands *Does not include CE FTE s

6 Building Intensity 8 Building Intensity 8 RISD Building Intensity by Vintage Buildings/1M GSF Buildings/1M GSF M GSF 149K GSF 58K GSF 56K GSF ,942 24,917 15,71 28,33 33 Alumni House Dexter House East South Nickerson Homer Chase Farago A B C D RISD E F G H I J Pre-War Post-War Modern Complex Sightlines, LLC. All Rights Reserved.

7 Resetting the Clock Through Renovations RISD has older facilities on average, but has made more impact with renovations 12 1 Construction Age v. Renovation Age Years of Age A B C RISD D E F G H I J Weighted Construction Age Weighted Renovation Age Peer Reno Average Peer Construction Age Reduction -49 Peer Avg Age Reduction = 12 years Peers ordered by increasing tech rating 7

8 A Shifting Campus Age Profile Understanding the Impact of Age on Capital Demands 1% Campus Age by Category % GSF 9% 8% 7% 6% 5% 28% High Risk 38% 36% 35% High Risk 17% 24% 23% 3% 27% 45% 4% 3% 2% 19% 36% 34% 25% 19% 1% % 22% 15% 1% 7% 9% Peers RISD RISD FY222 RISD FY227 RISD FY232 Under 1 1 to to 5 Over 5 New construction: ~1KGSF studio bldg., ~75K GSF Residential bldg., ~68KGSF Apparel Design 199 Canal Street, ~48K GSF 1 Washington Place Renovations: College, Metcalf, Homer, Nickerson, Barstow, Larned, 8 Thompson & Alumni, B.E.B.(Bayard Ewing Building)

9 Total Capital Investment $14 $12 11% Total Capital Investment $5.4 $1 Millions $8 $6 89% $7.4 $7.6 $7.3 $9.2 $4 $2 $ $4.1 $1.8 $2.2 $ Existing Space Investment New Space Investment Average Sightlines, LLC. All Rights Reserved.

10 Total Capital Investment Total Capital Investment $1 11% $9 $8 $9.2 Millions $7 $6 $5 89% $7.4 $7.6 $7.3 $4 $3 $4.1 $2 $1 $1.8 $2.2 $2.6 $ Existing Space Investment Average Sightlines, LLC. All Rights Reserved.

11 $/GSF Despite Positive Growth, Peers Out Invest RISD One-Time funds assist peers in investing an average of $2.3/GSF more than RISD $1. $9. $8. $7. $6. $5. $4. $3. $2. $1. Peers Total Project Spending by Funding Source Investment Mix 12% 12% 35% $ % $7.65 3% Investment Mix 8% 18% 41% 25% 8% $4.89 $5.6 $5.7 $4.67 $4.76 $4.27 $4.38 $4.45 $4. $2.71 $1.57 $1.76 $1.34 RISD $5.77 $. % FY1 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY1 FY11 FY12 FY13 FY14 FY15 FY16 FY17 11

12 Defining an Annual Investment Target Annual Funding Target: $9.7M $25 FY17 Annual Investment Target Replacement Value: $693M $2 Millions $15 $1 $5 $2.8 $1.4 $8.1 $3.6 $6.1 $ 3% Replacement Value Life Cycle Need Annual Investment Target Envelope/Mechanical Space/Program Sightlines, LLC. All Rights Reserved.

13 Investment Levels Hit Target in FY17 $2 $18 $16 $14 Total Capital Investment vs. Funding Target Increasing Net Asset Value Lowering Risk Profile Millions $12 $1 $8 $6 $4 $2 $ Annual Stewardship Asset Reinvestment Annual Investment Target Life Cycle Need Increasing Backlog & Risk Sightlines, LLC. All Rights Reserved.

14 Projected 226 Target Funding Level Future target levels continue to rise due to inflation and added square footage $3 $25 Total Capital Investment vs. Funding Target 22: Addition of New Studio and New Res Hall Increasing Net Asset Value $2 Millions $15 Lowering Risk Profile $1 $5 Increasing Backlog & Risk $ Annual Stewardship Asset Reinvestment Annual Investment Target Life Cycle Need Sightlines, LLC. All Rights Reserved.

15 Spending to Target Slows AR (backlog) Growth $12. Peers Total Asset Reinvestment Need v. Percent of Target Funded RISD 16% $/GSF $1. $8. $6. $4. $91.3 $94.9 $94.4 $97.7 $98.9 $97.4 $99. $97.3 $64.4 $67.1 $71.3 $76.4 $88.8 $99.4 $12.8 $ % 12% 1% 8% 6% % of Target Funded $2. Stronger investment levels slow backlog growth 4% 2% $. FY1 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY1 FY11 FY12 FY13 FY14 FY15 FY16 FY17 Total AR Need Average % of Target funded % Sightlines, LLC. All Rights Reserved.

16 Projected 226 Target Funding Level $35. $3. Total Capital Investment vs. Funding Target Increasing Net Asset Value $25. $ in Millions $2. $15. Life Cycle Need Lowering Risk Profile $1. Increasing Backlog & Risk $5. Target Need $ Annual Stewardship Asset Reinvestment Budgeted DM Operating Cash Investment Projected Projects Annual Investment Target Life Cycle Need 16

17 ROPA+ Prediction: RISD ROPA+ Prediction quantifies $84 Million in system-specific need $2 Asset Reinvestment Need $2 Asset Reinvestment Need Total Dollars ( Millions) $18 $16 $14 $12 $1 $8 $6 $186 Total Dollars ( Millions) $18 $16 $14 $12 $1 $8 $6 $12 $43 Modernization and Infrastructure need is $111M. Sightlines recommends a 1 year capital strategy to address the total need. Total 1 year renewal need is $43M. This represents the life cycle needs coming due between $4 $4 $2 $2 $41 Current Need Today (Highest Risk) $ FY17 Asset Reinvestment Need $ FY17 Asset Reinvestment Need Sightlines, LLC. All Rights Reserved.

18 Total Current Need by System 4% of Current Need is HVAC $2 $18 Asset Reinvestment Need Total Current Need by System 1% 5% 11% $16 Total Dollars ( Millions) $14 $12 $1 $8 $6 $12 $43 4% 12% 18% 12% $4 $2 $41 $ FY17 Asset Reinvestment Need Small Building Renovation Roofing Electrical Plumbing Interiors HVAC Building Exteriors Sightlines, LLC. All Rights Reserved.

19 Projected Investment vs. 1 Year Needs $2 Asset Reinvestment Need $25 1 Year Capital Forecast $18 $16 $2 Total Dollars ( Millions) $14 $12 $1 $8 $6 $9 $12 $48 $43 Total Dollars ( Millions) $15 $1 $4 $5 $2 $43 $41 $ FY16 Asset Reinvestment Need FY17 Asset Reinvestment Need $ Current Need Renewal Need Modernization & Infrastructure 19

20 Comparing the Past and the Future Historical funding focused on Space Renewal; Future Needs focused on Mechanical Distribution of Renewal Need (FY1-FY16) Distribution of Current Need (FY17) Distribution of Renewal Need (FY18-27) 26% 18% 39% 51% 12% 5% 23% 7% 11% Mechanical Envelope Space Renewal Sightlines, LLC. All Rights Reserved.

21 RISD S Highest Need Buildings 6 of the 7 buildings with $2M+ in Current Need are over 5 years old $8 Buildings with Need $2M+ $7 $7.2 Total Dollars (Millions) $6 $5 $4 $3 $2 $3. $3.4 $3.6 $5.1 $7.3 $6.5 $1 $ Auditorium Nickerson Hall Refectory (The Met) Homer Hall 2 Washington Place (Prov. Wash) College Building Metcalf Building 21

22 RISD S Highest Need Buildings Mechanical Needs make up the majority of Current Need in buildings $8 Buildings with Need $2M+ $7 $.85 Total Dollars (Millions) $6 $5 $4 $3 $2 $.6 $.39 $2.13 $2.52 $.59 $3.21 $1.17 $5.6 $1. $5.47 $4.66 $1 $ $2.37 $.89 $1.6 $1.35 $1.66 Auditorium Nickerson Hall Refectory (The Met) Homer Hall 2 Washington Place (Prov. Wash) Space Renewal Mechanical Envelope College Building Metcalf Building 22

23 FY17 Facilities Operating Expenditures Below Peers $12 FY17 Facilities Operating Actuals $1 $8 $/GSF $6 $4 $2 $ A B C RISD D E F G H I J * Institutions arranged by Tech Rating Daily Service PM Utilities Peer Average 23

24 Maintenance Metrics 16, Maintenance Staffing 4 Maintenance Supervision 14, 35 GSF/FTE 12, 1, 8, 6, 4, 2, $.4 A B C RISD D E F G H I J Maintenance Materials FTE/Supervision A B C RISD D E F G H I J General Repair/ Impression $.35 $/GSF $.3 $.25 $.2 Peers 3.45 $.15 $.1 $.5 RISD 3.97 $. A B C RISD D E F G H I J Peers ordered by increasing tech complexity 24

25 Custodial Metrics GSF/FTE 5, 4, 3, 2, 1, $.6 Custodial Staffing A B C RISD D E F G H I J Custodial Materials FTE/Supervision Custodial Supervision A B C RISD D E F G H I J Cleanliness Inspection $.5 $.4 Peers 3.62 $/GSF $.3 $.2 $.1 RISD 4.4 $. A B C RISD D E F G H I J Peers ordered by increasing tech complexity 25

26 Grounds Metrics Acres/FTE $2, Grounds Staffing A B C D E F G H RISD I J Grounds Materials FTE/Supervision Grounds Supervision A B C D E F G H RISD I J Grounds Inspections $/Acre $1,5 $1, Peers 3.23 $5 RISD 3.26 $ A B C D E F G H RISD I J Peers ordered by increasing tech complexity 26

27 Energy Snapshot 14, FY17 Energy Consumption $6 FY17 Energy Cost 12, $5 1, $4 BTU/GSF 8, 6, $/MMBTU $3 4, $2 2, $1 A B C RISD D E F G H I J $ A B C RISD D E F G H I J Electric Fossil Fossil Electric Average Fossil Cost Average Electric Cost 27

28 Carbon Management for Energy AVOIDANCE: Don t consume energy ACTIVITY: Consume less by increasing efficiency INTENSITY: Switch high-carbon energy sources for lowcarbon ones OFFSET: Offset the emissions from consumption Sightlines, LLC. All Rights Reserved.

29 Scope 1 Stationary: Fuel Mix 1% RISD Longitudinal Fuel Mix 1 Carbon Intensity 9% 9 8% 8 % of Total Fossil MMBTU 7% 6% 5% 4% 3% 2% 1% % Natural Gas Oil #2 Oil #4 Oil #6 Coal Residual Oil More Intensity Distillate Oil Propane Natural Gas Biomass Less Intensity Sightlines, LLC. All Rights Reserved.

30 Scope 2 Purchased Electric: Fuel Mix More Activity NEWE Grid Fuel Mix (21) 1, 9 Carbon Intensity by Grid Region 8 NEWE Grid Fuel Mix (212) MTCDE/1M kwh Less Activity Coal Natural Gas Other Fossil Nuclear Renewable NYUP AKMS NEWE CAMX NWPP NYCW RFCE SRVC SRMV FRCC ERCT SRSO AZNM HIMS NYLI AKGD SRTV RFCW MROW MROE SPSO RFCM HIOA SPNO SRMW RMPA Sightlines, LLC. All Rights Reserved.

31 Scope 1 Stationary and Scope 2 Electric Emissions More Activity 1, Fossil Consumption vs. Emissions 9 8, Electric Consumption vs. Emissions 9 9, 8 7, 8 BTU/GSF 8, 7, 6, 5, 4, 3, 2, MTCDE / 1, GSF BTU/GSF 6, 5, 4, 3, 2, MTCDE / 1, GSF 1, 1 1, 1 Less Activity Purchased Fossil Emissions Purchased Electric Emissions Sightlines, LLC. All Rights Reserved.

32 Concluding Comments Waiting for final deck to be established 32

33 Questions & Discussion 33