CMA is uniquely qualified to provide New York State School Building Aid support from pre-referendum planning to Final Cost Report submission and various other critical document submissions. CMA’s ability to monitor the factors impacting a school district’s building aid allows us to identify potential problems so they may be resolved or avoided entirely to ensure the success of a project.

CMA routinely provides the following services to many of our 180+ school district clients throughout New York State:

  • State Building Aid Services Related to Existing Projects
    • Prepare SA-139’s “Request for Building Project Data” (following contracts being signed)
    • Prepare SA-135’s Bond Anticipation Note Schedule (following the issuance of BANs)
    • Prepare SA-132’s Amortization Schedule for Building Serial Bond Issues or Capital Notes (following the issuance of Bonds)
    • Prepare “Early Aid Start Request” forms (if FCR cannot be filed)
    • Prepare “Final Cost Reports” (“FCR”)
    • Periodically Monitor Building Aid Output Reports to identify any problems and recommend actions to be taken
  • State Building Aid Services Leading up to Bond Vote
    • Project new Building Aid, by Project Number, when estimated  key dates and budgets are available
    • Analyze the estimated cash flow for the project
    • Analyze the Maximum Cost Allowances (“MCA”) for each building once “Building Aid Units” have been identified
    • Attend District Construction meetings when requested by District Officials
    • Prepare a local share impact analysis resulting from projected debt service and projected new Building Aid
  • Ongoing State Building Aid Services Following A Successful Bond Vote
    • Work with the District, Architect and Construction Manager to quantify and manage the flow-of-costs within a given Authorization from project number to project number
    • Advise on maximizing Building Aid based on MCA and eligible costs
    • Advise on the use of outstanding EXCEL Aid to maximize value
    • Analyze cash flows provided by the Architect/Construction Manager to plan for financings
    • Work with the District, Architect and Construction Manager to put together a “game-plan” for the timing of certain filings to be sure that building aid is being received in a timely manner to minimize the impact of debt service on the District
    • Prepare SA-139’s “Request for Building Project Data” (following signed contracts)
    • Prepare SA-135’s Bond Anticipation Note Schedule (following the issuance of BANs)
    • Prepare SA-132’s Amortization Schedule for Building Serial Bond Issues or Capital Notes  (following the issuance of Bonds)
    • Prepare of “Early Aid Start Request” forms (if FCR cannot be filed, or unresolved legal disputes prevent project number close out)
    • Prepare, or review, Final Cost Reports
    • Periodically Monitor Building Aid Output Reports to identify any problems/recommend actions to be taken.