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 160+ 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.