1. 1 Capital Analysis and Planning Template (CAPT) Lisa Bland Financial Analysis and Accountability Branch Ministry of Education

2. 2 Why Develop a New Template?  New PSAB Changes (TCA & DCC).  Need an overview that is easy to understand and more straight forward than CLT and CWT.  Allows School Boards and the Ministry to have a common framework for understanding.  Want to ensure we have accountability for large capital investments.

3. 3 Goals:  Determine if the School Board has build room or unsupported capital.  Template will allow us to understand the plan to address the unsupported capital spending.  Will assist Ministry with capital approval requests and OFA financing.

4. 4 Defining Capital Deficit: Unsupported Capital Spending Less: Available funding sources = Capital Deficit (Compares resources to TCA – Difference is Capital Deficit)

5. 5 Components of the Template  New:  Overview  Financial Position & Recovery  POD  Information carryover from CWT:  Project Eligibility Amounts  Debt Schedule  Project Debenture Matrix

6. 6 Process  During the year boards who are requesting approval for new capital spending will be required to update and submit the template. New projects will need to be added and any financial information will need to be updated.  All boards will be required to complete the template and submit to the Ministry on a yearly basis by December 15, 2011.

7. 7 Yearly Submission:  When submitting the template on for the yearly deadline the following should be completed by the board:  Project Eligibility Worksheet  Ensure information correctly reported from CWT  Ensure all approved projects post August 31, 2010 are correctly reported  Update the Financing Information including Amounts to be Constructed  Add any future projects that the board may want to request approval for in the coming year  Debt Schedule  Ensure information correctly pre-populated from CWT  Ensure all debentures post August 31, 2010 are correctly pre-populated  Project Debenture Matrix  Update allocation for new debentures.

8. 8 Yearly Submission:  When submitting the template on for the yearly deadline the following should be completed by the board:  Proceeds of Disposition  Update information up to August 31, 2011  Financial Position & Recovery  Update information to August 31, 2011

9. 9 Renewal  Changes to Ontario Regulation 193/10 (Restricted Purpose Revenues) have been reflected in the forms.  To the extent that a board has amortization expense greater than DCC revenue in the year, attributable to spending on school renewal eligible assets, the board will be able to recognize the school renewal allocation in revenue up to the amount of the difference.