Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
(i)
a summary page on which the amount of LSC grant is shown, together with any other sources of capital funding; the summary also records a few key indicators. a cashflow sheet which spans 20 years and is used as the basis for calculating the NPV at the test discount rate of 3.5% over the same period. There is space to record 11 years worth of information (years 0 to 10 inclusive) however depending on the circumstances of the project / timescales it may be more appropriate to record say, the first 5 years, with years 6 to 10 inclusive using the same numbers as year 5. Whilst columns for Years 11 to 20 are shown, all operating costs & income use the same numbers as in the column for year 10. It would only be necessary to use columns 11 to 20 for lifetime capital costs (see point o below)
(ii)
c d e
In keeping with principles of investment appraisals, the revenue costs and income should be recorded as marginal costs. ie those costs and revenues incurred as a result of the project. If there is more than one variant of the project, then the spreadsheet (summary & cashflows) should be completed for each variant. Each appraisal / cashflow should be supported by assumptions used to compile the financials. If further working papers are considered necessary to support the data supplied then these should also be attached to the project application. Please indicate whether or not figures included / exclude VAT Cells shaded blue on the cashflow page contain formulae and do not need to be completed. On the summary & cashflow pages certain cells contain a help (comment) facility to assist completion of the forms.
i j k l
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Notes
The remaining ref. points 8 to 10 - NPV, Sensitivity analysis & value for money indicators - are automatically generated from the cashflow forecast.
(iii) (iv)
Capital costs: In each line of the initial capital cost section record the type of cost - the majority of this information would be copied from the LSC's application form - from page 4 of Annex E entitled 'Building Elemental Cost Breakdown for Project'. This document is an excel worksheet. Land acquisition/opportunity cost:Construction/refurbishment :External Works:Preliminaries:Contingencies Cost of land required for the project Building sub-total (points 1 to 5) External works cost - - cell D47 on page 4 Preliminaries - point 6 Contingencies - point 8. A contingency amount of approx 5% of total build costs may be included to take account of uncertainties. Equipment - point 9 Professional fees - point 10 VAT - point 11. Institutions may or may not be able to recover VAT. In this line show the amount of VAT which would be incurred on the project.
n o
Land Sales:- record as a negative figure Lifetime capital costs:- record estimates of likely costs of major refurbishment to ensure buildings are brought up to date / remain in a fit for purpose state. For capital appraisal purposes retaining buildings in a fit for purpose state would not likely be achieved through routine maintenance. The timing of major refurbishment programmes varies depending on types of buildings / location / usage etc. If major refurbishments are estimated to be every 5 years, record values in columns 5, 10, 15 & 20; every 7 years then columns 7 & 14. etc. Facilities management costs & other costs: These costs refer to day to day running costs of the building Staff Costs:- covers teaching and support staff. In line 39 record the additional full time equivalent (FTE) members of staff required to support additional numbers of learners. Line 40 is an automated cell which calculates the cumulative FTEs per year. In line 41 record the average cost per post (basic +on costs). Figures in line 40 & 41 are used to calculate annual costs of teaching staff in line 42. A similar process is adopted for calculating support staff costs in lines 43 to 46.
p q
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Notes
r s
Total operating costs at line 49 are the summation of facilities management costs (line 35), other costs (line 38) and staffing costs (line 47) Income from learners uses the same principle as staffing cost mentioned in q above - by entering the increase in learner numbers on a yearly basis, assuming a funding rate per annum per FTE learner will automatically calculate yearly income streams. Third Party Income - provide annual estimates of income through lettings, casual hire etc Net cashflow:- is Initial capital cost plus lifetime capital costs plus operating costs less income. Net Present Value is obtained by multiplying yearly net cashflows by the appropriate discount factor at the Treasury rate of 3.5%.
t u v
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Notes
Name of Project
3 4 5
2006 1
0
% of total
0 0
NPV at 3.50% Test Discount Rate (TDR) over 20 years as at 2006 NPV
SENSITIVITY ANALYSIS Capital costs increase by 20% Revenue income decreases by 20% Revenue expenditure increases by 20%
0 0 0
72548446.xls.ms_office
Name of Provider:
Name of Project
Cost Classification
0
0
Year Financial Year ended Land acquisition/opportunity cost Construction/refurbishment External Works Preliminaries Contingencies Equipment Professional Fees VAT Sub-total Land sales -ve TOTAL-Initial Capital cost Superstructure Finishes Fixtures, Fittings, Furnishings Mechanical Electrical External Works TOTAL-Lifetime Capital costs 0 2006
1 2007
2 2008
3 2009
4 2010
5 2011
6 2012
7 2013
8 2014
9 2015
10 2016
Totals @ Yr 10
CAPITAL COST
Initial Capital Cost
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
OPERATING COSTS
Facilities Man. Costs
(additional costs)
Other Costs
(additional costs)
Staff Costs
(additional costs)
Energy Responsive Repairs Cleaning & Refuse Collection Caretaking Security Water Grounds Maintenance Remedial Repairs & Maint. Rates Sub-total General Insurance Other Sub-total Addl no. of Staff FTEs Cumulative inc. in Staff FTEs (No) Cost per post Total cost of Staff FTEs Addl no of Support Staff FTEs Cumulative inc. in Staff FTEs (No) Cost per post Total cost of Support staff FTEs Sub-total - staff costs TOTAL OPERATING COSTS
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
INCOME
FTE Learners Increase in FTE Learners (No.) Cumulative increase in FTEs (No) Funding per FTE Total Income from provision Lettings Other Sub-total TOTAL INCOME 0 0 0 0 0 0 0 0 0 Discount factor 3.50% 1.00 0 0.97 0 0 0 0 0 0 0 0 0 0 0.93 0 0 0 0 0 0 0 0 0 0 0.90 0 0 0 0 0 0 0 0 0 0 0.87 0 0 0 0 0 0 0 0 0 0 0.84 0 0 0 0 0 0 0 0 0 0 0.81 0 0 0 0 0 0 0 0 0 0 0.78 0 0 0 0 0 0 0 0 0 0 0.75 0 0 0 0 0 0 0 0 0 0 0.73 0 0 0 0 0 0 0 0 0 0 0.70 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Year 10 = Year 20 =
0 0
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Name of Provider:
Name of Project
Cost Classification
0
0
Year Financial Year ended Land acquisition/opportunity cost Construction/refurbishment External Works Preliminaries Contingencies Equipment Professional Fees VAT Sub-total Land sales TOTAL-Initial Capital cost Superstructure Finishes Fixtures, Fittings, Furnishings Mechanical Electrical External Works TOTAL-Lifetime Capital costs 11 2017
13 2019
14 2020
15 2021
16 2022
17 2023
18 2024
19 2025
20 2026
Totals @ Yr 20
CAPITAL COST
Initial Capital Cost
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
OPERATING COSTS
Facilities Man. Costs
(additional costs)
Other Costs
(additional costs)
Staff Costs
(additional costs)
Energy Responsive Repairs Cleaning & Refuse Collection Caretaking Security Water Grounds Maintenance Remedial Repairs & Maint. Rates Sub-total General Insurance Other Sub-total Addl no. of Staff FTEs Cumulative inc. in Staff FTEs (No) Cost per post Total cost of Staff FTEs Addl no of Support Staff FTEs Cumulative inc. in Staff FTEs (No) Cost per post Total cost of Support staff FTEs Sub-total - staff costs TOTAL OPERATING COSTS
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
INCOME
FTE Learners Increase in FTE Learners (No.) Cumulative increase in FTEs (No) Funding per FTE Total Income from provision Lettings Other Sub-total TOTAL INCOME 0 0 0 0 0 0 0 0 0 Discount factor 0.68 0 0.65 0 0 0 0 0 0 0 0 0 0 0.63 0 0 0 0 0 0 0 0 0 0 0.61 0 0 0 0 0 0 0 0 0 0 0.59 0 0 0 0 0 0 0 0 0 0 0.57 0 0 0 0 0 0 0 0 0 0 0.55 0 0 0 0 0 0 0 0 0 0 0.53 0 0 0 0 0 0 0 0 0 0 0.51 0 0 0 0 0 0 0 0 0 0 0.49 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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