The preliminary FY25 Capital Spending Plan (CSP) submissions will be due in CPATH by the end of the day on Friday, February 16, 2023. CSP Narrative Update questions will be included with the FY25 Budget Guidelines and Narratives distributed by the Office of Financial Strategy and Planning (OFSP). Responses are due along with the OFSP narratives; OFSP will forward your CSP narrative responses to CAPS.
The Facilities and Finance Committees will review, and the Corporation will authorize, next steps for projects included in the FY25 CSP submissions in late April. Please refer to the FY25 Capital Planning Guidelines for more information on these submissions.
CPATH provides many standard reports that may help with your CSP preparation. CAPS recommends the CP1142 Capital Plan Comparison report (found on the CPATH’s Capital Planning menu) to compare spending in the proposed FY25 CSP with FY25 spending provided in the FY25-29.
Suggested parameter selections for the CP1142 report are as follows:
- Aspect: 1 - Spending
- Plan 1: 3 - Working CSP (once FY25 has been submitted – otherwise 1 – Live Forecast)
- Plan 2: 2 - Working MYCP
- Start: Fiscal 2025
Like prior years, Facility Condition Index (FCI) calculations will not be part of the CSP submission. Retrospective building FCI’s are done each year in the fall as part of the prior year review and multi-year capital planning efforts. It is recommended that the automated Facilities Conditions Assessment tool (vfa.facility) be updated regularly, but especially at the end of each fiscal year for use in the multi-year capital plan (MYCP) analytics in the fall.