Capital Improvement Plan

Transcription

1 Capital Improvement Plan

2 CAPITAL IMPROVEMENT PLAN FISCAL YEARS SUBMITTED TO THE ARIZONA BOARD OF REGENTS SEPTEMBER 2014

3

4 Table of Contents

5 FY Capital Improvement Plan TABLE OF CONTENTS Page Number TRANSMITTAL STATEMENT... 8 ALL FUNDS CAPITAL SUMMARY Capital Allocations for FY 2014 and FY BUILDING RENEWAL REPORT State Appropriated Building Renewal Summary Building Renewal Allocation Forecast DEFERRED MAINTENANCE REPORT Definition and explanation of Deferred Maintenance for the Arizona University System Deferred Maintenance Status Action Plan to Address Deferred Maintenance in FY Methodology Allocations to Reduce Deferred Maintenance Facility Code Index Map BUILDING INVENTORY REPORT Building Inventory Summary Page 5 of 65

6 LEASE REPORT Summary of Leases in Effect During Fiscal Year University as Lessee University as Lessor LAND REPORT Report on Acquisitions and Sales of Land and Improvements CAPITAL PROJECT STATUS REPORT Capital Expenditures Summary Capital Project Status Report as of June 30, Capital Project Categories THREE YEAR CAPITAL PLAN One Year Capital Plan (FY 2016) FY 2016 Project Justifications Two Year Capital Forecast (FY 2017 AND FY 2018) DEBT REPORT Annual Assessment of Debt Capacity Supplemental Debt Information Page 6 of 65

7 TRANSMITTAL STATEMENT Page 7 of 65

8

9 ALL FUNDS CAPITAL SUMMARY Page 9 of 65

10 ALL FUNDS CAPITAL SUMMARY CAPITAL ALLOCATIONS FOR FY 2014 AND FY 2015 Budgeted Sources of Funds FY14 % FY15 % State Appropriations Building Renewal $ % 0.00% Other $ % 0.00% Local Funds (1) 0.00% 0.00% Retained Tuition $ 694, % $ 2,378, % Indirect Cost 0.00% 0.00% Gifts 0.00% 0.00% Auxiliary $ 15,252, % $ 4,000, % Other $ 9,776, % $ 5,675, % Debt Financed Proceeds (2) $ 26,684, % $ 78,910, % Total $ 52,407, % $ 90,963, % Budgeted Uses of Funds by Category New Construction Academic/Support $ 19,878, % $ 46,533, % Auxiliary $ 4,148, % $ 32,376, % Infrastructure $ 585, % 0.00% Capital Renewal 0.00% 0.00% Academic/Support $ 11,986, % $ 4,900, % Auxiliary $ 4,082, % $ 4,000, % Infrastructure $ 3,485, % $ 1,518, % Major Maintenance/System Replacement $ 1,349, % $ 600, % Major Maintenance/Energy Conservation $ 4,631, % $ 800, % Life Safety/Code Compliance $ 2,132, % $ 200, % Accessibility $ 116, % $ 25, % Other $ 10, % $ 10, % Land, Buildings and Improvements $ % 0.00% Total $ 52,407, % $ 90,963, % Notes: (1) Excludes debt service set aside which is reported in the operating All Funds Report. (2) Reflects total amount of debt issued in fiscal year indicated. Page 10 of 65

11 BUILDING RENEWAL REPORT Page 11 of 65

12 STATE APPROPRIATED BUILDING RENEWAL SUMMARY Beginning Balance $ 182,214 $ 20,474 $ - $ - $ 336,000 Formula Amount $ 11,996,088 $ 11,888,844 $ 9,604,739 $ 9,977,862 $ 12,001,560 Appropriated Amount $ - $ - $ - $ 336,000 $ - % of Formula Amount Appropriated 0.0% 0.0% 0.0% 3.4% 0.0% Fiscal Year Expenditures $ 161,740 $ 20,474 $ - $ - Ending Balance $ 20,474 $ - $ - $ 336,000 Note: The FY14 appropriated amount carried into FY15 is pending JCCR review. Page 12 of 65

13 BUILDING RENEWAL ALLOCATION FORECAST Primary Project Category Building Renewal Allocation Forecast FY 2015 FY 2016 CAPITAL RENEWAL Academic/Support $ - $ 1,184,885 Auxiliary Not eligible $ - Infrastructure $ - $ 3,686,308 Major Maintenance/System Replacement $ - $ 4,081,270 Life Safety and Code Compliance $ - $ 3,949,616 Accessibility $ - $ 263,308 Other Capital Renewal $ - Totals $ - $ 13,165,386 Page 13 of 65

14 DEFERRED MAINTENANCE REPORT Page 14 of 65

15 DEFERRED MAINTENANCE REPORT 1) Definition and explanation of Deferred Maintenance for the Arizona University System Facility condition deficiencies identified through physical inspections where deterioration and/or life safety concerns are evident and affect the proper functioning of the facility. Typical building components with deficiencies include: heating, ventilation and air conditioning, roofs, flooring, walls, ceiling and lighting, electrical, and plumbing. Deferred Maintenance does not include routine maintenance needs, although failure to adequately fund routine maintenance eventually will add to the deferred maintenance backlog. Also, Deferred Maintenance does not include infrastructure, Americans with Disabilities Act upgrades, or other nonmandated code requirements that have been established since a building was constructed, unless these deficiencies are part of an overall upgrade. The cost for Deferred Maintenance is not the total cost to modernize a building. When compromised buildings and infrastructure components are not able to be updated through the Building Renewal process, they become candidates for Deferred Maintenance. When building performance and integrity are not high priorities, deferred maintenance mushrooms and results in increased emergency repairs and deterioration of capital assets. Many years of previous piecemeal renovations have modified structures, ventilation, and electrical systems so that many buildings no longer meet original code requirements, much less current standards. The quality of teaching and research facilities is ultimately negatively impacted. A fully funded capital renewal program is necessary to reverse the Deferred Maintenance backlog and extend the useful life of the facilities. Deferred Maintenance figures include labor, material, and indirect costs such as architectural services. Facilities scheduled for demolition during the next fiscal year are included in Deferred Maintenance figures to anticipate potential schedule changes. 2) Deferred Maintenance Status June 30, 2013 June 30, 2014 Estimated Deferred Maintenance $108,681,902 $109,098,057 Facility Condition Index Estimated Deferred Maintenance Aux $ 14,174,121 $ 15,459,219 Facility Condition Index Aux The facilities condition index (FCI) is a ratio of the estimated Deferred Maintenance to the estimated building replacement value. An FCI less than 0.05 is an indication that facilities are in good condition. A desirable FCI goal is An FCI of is an indication that facilities are in fair condition. An FCI greater than 0.10 is an indication that facilities are in poor condition. An FCI greater than 0.15 is an indication of facilities at risk for failure or non-functionality, if significant renovation or replacement does not occur soon. Buildings with an FCI greater than 0.40 are difficult and costly to renovate, and where possible, demolition is suggested. Page 15 of 65

16 DEFERRED MAINTENANCE REPORT continued 3) Action Plan to Address Deferred Maintenance in FY 2015 and 2016 The University intends to aggressively pursue preventive maintenance to avoid costly future maintenance issues. Facility Services trade staff will actively work to detect conditions that have potentially major costs if left unremediated and schedule preventive measures. NAU will pursue a variety of options to further reduce Deferred Maintenance in life safety, mechanical systems, and roofing systems for FY16, including a state allocation and plant funds. Additionally, the approved FY14 Building Renewal amount of $336,000 will go to reducing the facility deficiencies. The previously requested FY15 and the FY16 Building Renewal request, if allocated, would be used to directly address Deferred Maintenance at NAU. NAU provides annual and one-time funding to address ongoing maintenance needs for Academic/Support facilities including classrooms, fire systems, roofing systems, building system failures, and emergency repairs. To improve learning and teaching environments, NAU allocated one-time funds to address classroom maintenance and upgraded technology again in FY15. Separately, roadways, sidewalks, and other campus infrastructure and utility infrastructure are addressed annually but are not included in deferred maintenance calculations or valuations. Combined university sources are not sufficient to meet all facility needs at NAU. To address life safety and code upgrades, the University requested $60 million for high priority life safety items from the Legislature for FY15; however, the Governor s budget did not include this request. NAU plans to submit a similar request for FY16. NAU is working with UA and ASU to propose potential funding options to address mutual Deferred Maintenance needs. All three universities utilized a benchmarking service to measure campus needs and compare to peers. The goal in FY15 is to develop a combined report that will be presented to ABOR and a system plan for FY16. Page 16 of 65

17 4) Methodology* Through the tri-university facilities group, NAU is actively examining a consistent methodology to perform facility audits utilizing skilled university staff. The plan utilizes a two-step process. Knowing the construction date of a building and the date when major building improvements occur, staff can estimate the magnitude of the campus deferred maintenance needs at a macro level. These figures can be calibrated by comparing them to previous campus audits completed by professional auditing firms. Building inspections performed by in-house staff used in conjunction with review of maintenance and repair data provided by the work order management system can identify the most obvious and/or priority needs. These identified items can be prioritized and addressed by critical status and available funding. It is anticipated the NAU program will be implemented by FY16 and will include, at a minimum, an annual audit schedule of 25% of NAU facilities. This program will comply with state requirements for annual facility inspections and enhance preventive measures to avoid costly maintenance. For buildings inspected during previous years, deferred maintenance estimates will be updated annually by reviewing completed facilities improvement projects, inflation, and a 2% factor for standard deferred maintenance deterioration. A combination of internal and external reviews of buildings will be utilized in cases where systems or facilities require extensive engineering review. Completed projects that remediate Deferred Maintenance, or newly discovered issues, are documented. Building Deferred Maintenance estimates will continue to be updated by reviewing annual maintenance and construction projects. *Note: A Tri-University task force has been formed to address methodology and estimating differences. Page 17 of 65

18 State Appropriations NORTHERN ARIZONA UNIVERSITY DEFERRED MAINTENANCE REPORT Allocations to Reduce Deferred Maintenance Source of Funds FY 2014 FY 2015 FY 2016 TOTAL Building Renewal $ 336,000 $ 13,165,386 $ 13,501,386 Other Local Funds Retained Tuition $ 665,212 $ 2,378,200 $ 2,378,200 $ 5,421,612 Indirect Cost $ 2,931,340 $ 3,675,000 $ 6,606,340 Gifts Auxiliary $ 1,586,570 $ 4,000,000 $ 3,000,000 $ 8,586,570 Debt Financed Proceeds (1) $ 22,346,007 $ 60,940,000 $ 21,000,000 $ 104,286,007 TOTAL $ 27,865,129 $ 70,993,200 $ 39,543,586 $ 138,401,915 Budgeted Use of Funds FY 2014 FY 2015 FY 2016 TOTAL Academic/Support $ 21,035,861 $ 46,778,200 $ 25,664,586 $ 93,478,647 Auxiliary $ 5,077,783 $ 24,215,000 $ 13,879,000 $ 43,171,783 Infrastructure (2) $ 1,751,485 $ 1,751,485 Other TOTAL $ 27,865,129 $ 70,993,200 $ 39,543,586 $ 138,401,915 Estimated End of Year Deferred Maintenance (3)(4) $ 124,557,276 $118,000,000 $106,000,000 NOTES: 1) Reflects total amount of debt to be used during that fiscal year. FY14 partially funded new Science and Health facility and Code & Safety Upgrades. The remaining years fund remainder of Science & Health Building, Code & Safety Upgrades, and Aquatic Center. 2) Estimates of infrastructure Deferred Maintenance will remain a separate issue, and will require the implementation of a new system to review and measure the backlog. Infrastructure is not included in estimated Deferred Maintenance totals. 3) FY applied 0.65% of BR, Auxiliary and Retained funds. 4) FY Deferred Maintenance estimate projections have not been adjusted for anticipated inflation /deflation factors. Page 18 of 65

19 FACILITY CODE INDEX MAP Page 19 of 65

20 Page 20 of 65

21 BUILDING INVENTORY REPORT Page 21 of 65

22 BUILDING INVENTORY SUMMARY As of June 30, 2014 Category Academic/Support Facilities Auxiliary Facilities (1) Total Number of Facilities (2) GSF 3,488,556 3,112,433 6,600,989 Estimated Replacement Value $1,219,127,485 $568,538,108 $1,787,665,593 FY 2015 Building Renewal Request (3) $13,165,386 Not Applicable $13,165,386 Notes: (1) Auxiliary enterprise facilities (essentially self-supporting entities) do not qualify for state appropriated Building Renewal Funding. (2) Tinsley (Building 44), Aspen Crossing (Building 29), and Cowden (Building 38) Residence Halls contain academic classroom space and are included in auxiliary facilities for this report. North Union 1899/Prochnow (Building 3) and the Bookstore (Building 35) contain both Academic/Support and Auxiliary space. For the purposes of the Building Inventory Summary, the Number of Facilities row will categorize a mixed use facility based on the highest GSF usage. (3) Building Renewal is computed each year following a standard formula that considers the building age, current replacement value, and renovation/renewal history. When calculating the current replacement value, ABOR instructed the universities to utilize the initial building replacement costs as calculated by the April 2002 Construction Cost Control Guidelines. To calculate the 2016 value, ABOR instructed NAU to utilize a 6.44% inflation factor. This computed figure is the basis of the University s FY 2016 Building Renewal Request. Page 22 of 65

23 Bldg No. (1) Facility Name Original Constr. Date NORTHERN ARIZONA UNIVERSITY Original Const. Cost BUILDING INVENTORY REPORT Adjusted Const. Date (2) Academic / Support GSF Auxiliary GSF (3) Current Replacement Value (4) Calculated Renewal Request (5) Fiscal Year Inspected (6) 2014 Total Deferred Maint. (7) 001 GAMMAGE 1930 $130, ,442 $14,216,067 $371, $4,956,233 35% 002 BLOME 1919 $108, ,510 $3,419,192 $89, $164,743 5% 003 NORTH UNION 1899 / PROCHNOW 1952 $611, ,527 23,714 $11,418,561 $9, $70,242 1% 004 MORTON HALL 1914 $38, ,564 $1,508,728 $ $16,034 1% 005 NORTH HALL 1935 $152, ,485 $9,702,663 $ $62,773 1% 006 CAMPBELL HALL 1916 $58, ,654 $2,766,983 $ $51,220 2% 07A BEAVER STREET HOUSE 1945 $329, ,714 $329,792 $ $0 0% 008 BURY 1908 $24, ,800 $3,060,614 $80, $1,370,743 45% 009 TAYLOR HALL 1905 $10, ,030 $5,597,308 $ $74,960 1% 010 OLD MAIN 1894 $40, ,285 $14,222,694 $178, $283,084 2% 011 ASHURST 1918 $162, ,938 $8,960,145 $112, $110,426 1% 012 GEOLOGY 1948 $350, ,993 $7,295,408 $118, $979,292 13% 013 GEOLOGY ANNEX 1975 $150, ,425 $2,146,671 $43, $49,145 2% 013A ROSEBERRY APARTMENTS 1962 $1,055, ,744 $5,579,292 $ $777,864 14% 014 NATIVE AMERICAN CULTURAL CENTER 2011 $7,000, ,849 $8,358,293 $13, $40,974 0% 015 RILES 1926 $51, ,143 $10,997,231 $161, $1,577,339 14% 016 COMMUNICATION 1960 $835, ,580 $30,532,478 $159, $634,840 2% 016A EXTENDED CAMPUSES AND ARIZONA UNIVERSITIES NETWORK 2009 $12,500, ,580 $15,367,318 $40, $36,672 0% 017 SCIENCE LABORATORY 2007 $37,325, ,914 $47,332,467 $74, $51,575 0% 018 LIBERAL ARTS 1963 $673, ,846 $17,835,872 $27, $11,707 0% 018A BIOLOGY GREENHOUSE 1971 $2, ,325 $1,053,073 $23, $109,089 10% 019 PHYSICAL SCIENCES 1960 $704, ,106 $21,020,806 $549, $8,327,821 40% 020 CHEMISTRY 1968 $1,707, ,103 $32,160,287 $773, $14,854,868 46% 021 BIOLOGICAL SCIENCES 1967 $1,717, ,075 $35,715,187 $878, $14,011,505 39% 021A WALL AQUATIC CENTER 1983 $4,670, ,776 $16,388,627 $265, $7,833,170 48% 021B BIOLOGICAL SCIENCES ANNEX 1989 $710, ,614 $3,232,168 $42, $113,739 4% 022 PETERSON 1958 $562, ,648 $11,317,891 $296, $1,272,851 11% 023 BABBITT ACADEMIC ANNEX 1958 $594, ,313 $12,763,424 $327, $300,074 2% 023A ACADEMIC ANNEX 1996 $252, ,600 $1,003,962 $9, $296,535 30% 024 NORTH HEATING AND COOLING PLANT 1949 $148, ,005 $36,499,938 $57, $94,834 0% FCI Page 23 of 65

24 Bldg No. (1) Facility Name Original Constr. Date NORTHERN ARIZONA UNIVERSITY Original Const. Cost BUILDING INVENTORY REPORT Adjusted Const. Date (2) Academic / Support GSF Auxiliary GSF (3) Current Replacement Value (4) Calculated Renewal Request (5) Fiscal Year Inspected (6) 2014 Total Deferred Maint. (7) 025 HEALTH AND LEARNING CENTER 2011 $106,000, ,169 $126,568,430 $198, $626,323 0% 026 ADEL MATHEMATICS 1962 $747, ,032 $12,661,865 $331, $5,882,632 46% 027 EASTBURN EDUCATION 1958 $1,009, ,324 $23,119,864 $217, $3,118,561 13% 027A INSTITUTE FOR HUMAN DEVELOPMENT 1966 $236, ,370 $2,136,801 $53, $588,802 28% 028 CLINE LIBRARY 1965 $1,046, ,325 $62,630,399 $753, $4,302,322 7% 029 ERNEST CALDERON LEARNING COMMUN 2009 $29,185, ,859 $35,295,826 $ $413,207 1% 030 UNIVERSITY UNION FIELDHOUSE 1965 $914, ,991 $29,806,148 $764, $1,592,200 5% 030A UNIVERSITY UNION DINING SERVICES 1986 $7,161, ,507 $26,438,051 $ $2,554,885 10% 030B UNIVERSITY UNION STUDENT SERVICES 1989 $2,610, ,631 $7,216,751 $94, $660,056 9% 030C UNIVERSITY UNION FOOD COURT 2009 $9,500, ,755 $11,488,791 $ $134,499 1% 030D UNIVERSITY UNION DINING EXPANSION 2014 $4,761, ,511 $4,761,685 $ $9,523 0% 031 GILLENWATER HALL 1960 $630, ,309 $6,069,906 $ $429,189 7% 032 HOTEL & RESTAURANT MGMT (HRM) NORTH 1974 $35, ,108 $739,247 $15, $23,241 3% 033 HRM - EUGENE M. HUGHES BLDG 1988 $48, ,145 $6,768,564 $10, $17,585 0% 033A HRM - EUGENE M. HUGHES BLDG 1988 $188, ,601 $7,510,523 $102, $6,103 0% 035 BOOKSTORE 1967 $243, ,571 31,745 $9,265,528 $79, $85,236 1% 037 PERFORMING AND FINE ARTS 1969 $2,288, ,765 $34,953,438 $713, $4,983,440 14% 037A ARDREY AUDITORIUM 1972 $3,149, ,251 $15,303,676 $16, $39,762 0% 038 COWDEN LEARNING COMMUNITY 1964 $1,269, ,702 $21,799,145 $ $169,947 1% 039 RAYMOND HALL 1962 $1,056, ,939 $13,282,459 $ $1,401,370 11% 040 MCDONALD HALL 1962 $1,007, ,582 $6,120,703 $ $467,047 8% 042 SECHRIST HALL 1966 $1,720, ,742 $31,581,447 $ $2,489,177 8% 043 GATEWAY STUDENT SUCCESS CENTER 1967 $527, ,163 $4,622,622 $26, $84,542 2% 044 TINSLEY HALL 1964 $1,225, ,150 $18,678,552 $ $106,017 1% 045 WILSON HALL 1965 $1,269, ,637 $19,509,495 $ $161,347 1% 046 ALLEN HALL 1967 $1,513, ,429 $20,717,086 $ $220,218 1% ATMOSPHERIC RESEARCH 047 OBSERVATORY/LUTZ TELESCOPE 1953 $32, ,592 $1,554,485 $40, $75,522 5% 047A ROTC/PROPERTY ADMINISTRATION 1973 $148, ,182 $5,737,909 $123, $490,826 9% 048 REILLY HALL 1969 $2,033, ,529 $30,221,833 $ $3,205,858 11% 049 ANTHROPOLOGY LABORATORY 1977 $85, ,810 $1,179,909 $22, $41,576 4% FCI Page 24 of 65

25 Bldg No. (1) Facility Name Original Constr. Date NORTHERN ARIZONA UNIVERSITY Original Const. Cost BUILDING INVENTORY REPORT Adjusted Const. Date (2) Academic / Support GSF Auxiliary GSF (3) Current Replacement Value (4) Calculated Renewal Request (5) Fiscal Year Inspected (6) 2014 Total Deferred Maint. (7) 050 CAMPUS HEIGHTS APARTMENTS 1963 $885, ,801 $10,648,769 $ $124,665 1% 050B MCKAY VILLAGE 2006 $30,000, ,623 $43,034,819 $ $503,807 1% 051 BABBITT ADMINISTRATIVE CENTER 1976 $1,586, ,450 $8,760,446 $174, $2,094,803 24% 052 BILBY RESEARCH CENTER 1981 $1,200, ,154 $7,096,443 $122, $515,755 7% 053 GABALDON HALL 1984 $6,841, ,860 $28,194,506 $ $119,483 0% 054 INFORMATION TECHNOLOGY SERVICES 1986 $2,681, ,544 $1,732,778 $25, $100,812 6% 054A INFORMATION TECHNOLOGY TELECOM 1989 $1,100, ,706 $6,160,491 $80, $523,851 9% 054B INFORMATION TECHNOLOGY ANNEX 1996 $251, ,985 $223,827 $2, $9,708 4% 055 MOUNTAIN VIEW HALL 1990 $14,100, ,010 $21,504,232 $ $251,749 1% 056 APPLIED RESEARCH AND DEVELOPMENT 2007 $25,575, ,623 $45,404,929 $166, $168,056 0% 057 PRINTING SERVICES 1991 $225, ,443 $1,553,147 $18, $113,825 7% HIGH COUNTRY CONFERENCE CENTER 058 AND PARKING DECK 2008 $20,034, ,563 $24,229,075 $ $373,108 2% 061 LEARNING RESOURCE CENTER 1970 $588, ,648 $6,540,399 $150, $145,148 2% 062 MCCONNELL HALL 1971 $3,414, ,633 $40,273,386 $0 $121,002 0% 063 SOUTH DINING 1970 $645, ,516 $8,781,409 $ $620,903 7% 064 DU BOIS CENTER 1971 $1,035, ,956 $22,569,755 $507, $5,920,396 26% THE RAUL H. CASTRO SOCIAL AND 065 BEHAVIORAL SCIENCES BUILDING 1970 $1,590, ,489 $9,536,689 $219, $3,633,340 38% 066 HEALTH PROFESSIONS 1970 $1,542, ,617 $20,744,933 $477, $1,806,788 9% 067 SOUTH HEATING AND COOLING PLANT 1970 $973, ,522 $11,604,179 $54, $44,534 0% 068 ROLLE ACTIVITY CENTER 1972 $1,280, ,956 $18,998,988 $417, $1,934,692 10% 069 ENGINEERING 1972 $2,030, ,979 $30,684,546 $144, $93,078 0% 070 SBS WEST 1972 $735, ,789 $23,674,763 $520, $3,328,411 14% 071 SOUTH VILLAGE 1972 $1,586, ,338 $20,905,036 $ $27,934 0% 072 NURSING 1978 $979, ,013 $5,948,308 $112, $907,012 15% 073 WALKUP SKYDOME 1977 $6,666, ,834 $92,479,981 $145, $2,263,923 2% 074 RENEWABLE ENERGY TEST FACILITY 1972 $10, $141,017 $3, $2,931 2% 076 AVIAN COGNITION LABORATORY 1988 $303, ,538 $1,339,682 $18, $13,567 1% 077 FACILITY SERVICES 1988 $4,769, ,586 $27,629,700 $375, $3,665,214 13% 077A FACILITY SERVICES ANNEX 1989 $146, ,833 $1,812,062 $23, $20,695 1% FCI Page 25 of 65

26 Bldg No. (1) Facility Name Original Constr. Date NORTHERN ARIZONA UNIVERSITY Original Const. Cost BUILDING INVENTORY REPORT Adjusted Const. Date (2) Academic / Support GSF Auxiliary GSF (3) Current Replacement Value (4) Calculated Renewal Request (5) Fiscal Year Inspected (6) 2014 Total Deferred Maint. (7) 078 CHEMICAL STORAGE 2014 $1,582, ,741 $1,582,000 $ $0 0% 079 GREENHOUSE COMPLEX 1989 $1,182, ,210 $5,118,190 $66, $84,963 2% 080 CERAMICS COMPLEX 1989 $950, ,078 $3,659,717 $47, $133,744 4% 080B CERAMICS CLAY MIXING 2014 $550, ,500 $550,500 $ $0 0% 081 W.A. FRANKE COLLEGE OF BUSINESS 2005 $24,075, ,016 $43,191,405 $203, $104,370 0% 082 SOUTHWEST FOREST SCIENCE COMPLEX 1992 $21,000, ,601 $23,964,124 $275, $270,454 1% 083 KNAU / MOUNTAIN CAMPUS TRANSIT 1994 $184, ,120 $2,992,033 $31, $33,858 1% 084 SCULPTURE STUDIO 1994 $102, ,200 $1,256,549 $5, $20,381 2% 088 WETTAW 2000 $12,434, ,209 $28,421,261 $208, $510,525 2% 089 FOUNTAINE APARTMENT 1940 $73, ,549 $495,661 $ $11,605 2% 090 UNIVERSITY SERVICES 2012 $9,549, ,441 $10,164,166 $10, $19,098 0% 091 CENTENNIAL 1999 $2,500, ,138 $3,055,770 $23, $44,001 1% 092 PONDEROSA 1968 $742, ,548 $3,467,637 $67, $58,543 2% 095 PINE RIDGE VILLAGE 2002 $13,375, ,885 $24,174,809 $ $156,162 1% 096A KNOLES PARKING GARAGE 2007 $15,000, ,000 $21,517,409 $ $90,199 0% 096B SAN FRANCISCO PARKING GARAGE 2012 $22,383, ,086 $23,824,877 $ $44,767 0% 096C MOUNTAIN VIEW GARAGE 1990 $3,500, ,800 $10,462,624 $ $70,000 1% 097 WASTE WATER TRAINING FACILITY 1998 $10, ,815 $459,735 $3, $10,764 2% 098A UNIVERSITY POLICE 2003 $900, ,624 $2,714,991 $7, $5,315 0% 098B CONTRACTING AND PURCHASING SERVIC 2003 $900, ,624 $2,714,991 $2, $6,357 0% 098C ENGINEERING RESEARCH 2003 $900, ,624 $3,842,846 $4, $8,998 0% 098D ANTHROPOLOGY 2003 $900, ,624 $2,958,514 $17, $5,315 0% 098F RLSS WAREHOUSE 2009 $3,900, ,183 $4,716,451 $ $110,431 2% 099 SEISMIC OBSERVATORY 1977 $13, $88,236 $1, $2,066 2% YUMA1 NAU YUMA ACADEMIC FACILITY 1996 $7,650, ,434 $11,838,764 $111, $115,172 1% YUMA2 NAU YUMA RESEARCH FACILITY 2010 $6,500, ,225 $7,991,005 $16, $38,048 0% KINGMAN1NAU MOJAVE KINGMAN 1997 $409, ,100 $2,727,041 $24, $237,585 9% PHXB1 HEALTH SCIENCES EDUCATION BUILDING 2012 $7,480, ,620 $7,961,712 $8, $0 0% Totals $545,850,271 3,488,556 3,112,433 $1,787,665,593 $13,165,386 $124,557,276 FCI Page 26 of 65

27 BUILDING INVENTORY REPORT FOOTNOTES (1) All buildings in the system are listed; excludes space leased from others unless a lease-purchase. (2) As adjusted for applicable projects using the Sherman-Dergis method. 100% Auxiliary enterprise buildings were not adjusted. (3) Auxiliary enterprises do not generate building renewal allocation amounts. (4) Estimated replacement values are calculated per Board direction using the Regents' Construction Cost Control and Professional Fee Guidelines; NAU escalation factor 6.44%. (5) Renewal request is calculated using the Sherman-Dergis formula with direction from the Regents' office. (6) Building inspections are completed by Facility Services within a four-year cycle; (7) Deferred Maintenance costs do not reflect code items. Costs reflected only restore building to original construction. Page 27 of 65

28 LEASE REPORT Page 28 of 65

29 Summary of Leases In Effect during Fiscal Year 2014 Number of Leases Gross Square Feet Acres Lease $/Year (Receipt) Expenditures Number of Leases Continued Number of Leases Renewed Number of New Leases NAU as Lessor 6 603, (Drury only) $792, NAU as Lessee ,637 N/A $2,720, Notes (1) The Board has delegated to the universities the responsibility to establish leases (including amendments and renewals) without specific Board approval unless: As Lessor (university leasing to others) - the lease including all renewals runs longer than 10 years, or the annual base lease amount exceeds $500,000, or the rental rate is less than the fair market value of the property. As Lessee (university leases from others) - the lease including all renewals exceeds 5 years, or the total annual lease amount exceeds $500,000. (2) Any leases requiring Board approval will be brought forward as separate agenda items. Page 29 of 65

30 UNIVERSITY AS LESSEE Page 30 of 65

31 ARIZONA BOARD OF REGENTS ANNUAL REPORT OF REAL PROPERTY LEASES FY 7/1/2013-6/30/2014 NORTHERN ARIZONA UNIVERSITY UNIVERSITY AS LESSEE: GSF LESSOR TYPE* PROPERTY LOCATION USER COST/GSF NON CANCELABLE TERM CURRENT TERM TYPE OF USE OF SPACE FY EXP COST LEASE ** 2400 N Central LLC C 2400 N Central IHD 3,257 Square Feet 120 Days Notice to Terminate 7/1/2010-6/30/2015 FS Offices Suites 300 and 306 $18.98 Cost PSF Phoenix, AZ $61, Total 567 Auto Center Drive NEW 567 Auto Center Drive, Suite 6 Forestry 170 Square Feet N/A 5/1/2014-8/31/2014 FS Office LLC Watsonville, CA $6.47 Cost PSF $1, Total American Tower C Jacks Peak KNAU N/A Square Feet N/A N/A N Radio Tower Page, AZ N/A Cost PSF $6, Total Arboretum at Flagstaff C 4001 S. Woody Mountain Road Merriam Powell N/A Square Feet 30 Days Notice to terminate 1/1/ /31/2055 N Research Flagstaff, AZ $0.00 Cost PSF $0.00 Total Central Arizona C Signal Peak Campus Extended 2,555 Square Feet 180 Days Notice to Terminate 7/1/2012-6/30/2017 FS 5 Office College 8470 N Overfield Rd Campuses $15.32 Cost PSF 2 Partial Classrooms Coolidge, AZ $39, Total 1 Dedicated Classroom Superstition Mt Campus 273 E Old West Highway Apache Junction, AZ Aravaipa Campus E Aravaipa Rd Winkelman, AZ Consolidated R 1300 S Milton Rd ETC 3,211 Square Feet 120 Days Notice to Terminate 2/1/2013-1/31/2014 FS Offices Investments # 207, 208, , $23.51 Cost PSF Flagstaff, AZ $75, Total Crown Atlantic Co LLC C Grand Canyon Airport KNAU 80 Square Feet N/A 7/15/ /31/2029 FS Communications Tower Lease Highway 64 $ Cost PSF Tusayan, AZ $9, Lease CWSP, LLC NEW North Valley Extended 40,355 Square Feet 270 Days Notice to Terminate 4/1/ /1/2024 FS Classrooms North 28th Avenue #128 Campuses $0.00 Cost PSF Offices Phoenix, AZ $0.00 Lease $26, Total Page 31 of 65

32 ARIZONA BOARD OF REGENTS ANNUAL REPORT OF REAL PROPERTY LEASES FY 7/1/2013-6/30/2014 NORTHERN ARIZONA UNIVERSITY UNIVERSITY AS LESSEE: GSF LESSOR TYPE* PROPERTY LOCATION USER COST/GSF NON CANCELABLE TERM CURRENT TERM TYPE OF USE OF SPACE FY EXP COST LEASE ** DCI Shopping C PO Box 10 Extended 2,400 Square Feet 90 Days Notice to Terminate 8/1/2011-7/31/2016 FS Classrooms Center Inc. Chinle, AZ Campuses $16.80 Cost PSF Offices $1, Tax $38, Lease $40, Total Eastern Arizona R 615 North Stadium Ave Extended 2,600 Square Feet 120 Days Notice to Terminate 8/1/2013-7/31/2016 FS Classrooms Thatcher, AZ 8552 Campuses $16.89 Cost PSF Offices $43, Total Flagstaff Unified School R 506 S Beaver Street Program in 28,024 Square Feet N/A 10/1/2013-9/29/2014 N Classroom and Offices Flagstaff, AZ Intensive Englis $8.56 Cost PSF $240, Total Ganado USD C PO Box 1757 Extended 1440 Square Feet 180 day notice 7/1/2012-6/30/2013 Ganado, AZ Campuses $6.00 Cost PSF FS Classroom Space $8, Total Guyann Corp C Mormon Mountain, AZ KNAU 120 Square Feet Upon Expiration of Lessor 4/28/1999- TBD N Radio Tower Facility $ Cost per S.F. NFS Permit $ Generator $23, Lease $28, Power $53, Total Kayenta USD R Kayenta, AZ Extended 1770 Square Feet 180 day notice 7/1/2013-6/30/2014 FS One Office and PO Box 337 Campuses $10.50 Cost PSF One Classroom $18, Lease Fees Malachite, LLC R 220 E 16th Street, Suite A Extended 2526 Square Feet N/A 10/01/2013-9/30/2018N Office Space Yuma, AZ Campuses Cost PSF $48, Lease Fees MCCCD-Chandler R 2626 E Pecos Road Extended 600 Square Feet 180 day notice 7/1/2013-8/24/2023 N Admin/Office Chandler, AZ Campuses $50.00 Cost PSF $15,600 Lease Fee $9,600 Custodial $4,800 Security $30,000 Total Page 32 of 65

33 ARIZONA BOARD OF REGENTS ANNUAL REPORT OF REAL PROPERTY LEASES FY 7/1/2013-6/30/2014 NORTHERN ARIZONA UNIVERSITY UNIVERSITY AS LESSEE: GSF LESSOR TYPE* PROPERTY LOCATION USER COST/GSF NON CANCELABLE TERM CURRENT TERM TYPE OF USE OF SPACE FY EXP COST LEASE ** MCCCD C 2323 W 14th Street Extended N/A Square Feet 180 day notice 8/1/2011-7/26/2016 FS Office Space Communiversity/Rio Tempe, AZ Campuses N/A Cost PSF $6,750 Lease MCCCD Estrella C 3000 N. Dysart Road Extended 260 Square Feet 180 day notice 1/1/ /31/2013 N Admin Space Avondale, AZ Campuses $33.04 Cost PSF Lease 640 Phone $8, Total MCCCD Gateway CC C 108 N. 40th Street Extended 96 Square Feet 180 day notice 7/1/2012-6/30/2014 FS Admin Space Phoenix, AZ Campuses $78.12 Cost PSF $7, Lease MCCCD Glendale CC C 6000 W. Olive Avenue Extended 225 Square Feet 180 day notice 7/1/2011-6/30/2016 N Admin/Office/Classroom Glendale, AZ Campuses $70.82 Cost PSF $5,280 Lease $1,620 Phone $ Classroom $15, Total MCCCD-Mesa CC C Mesa CC Extended 9,827 Square Feet 180 Days Notice to Terminate 7/1/2012-6/30/2017 N Offices Carousel Condominiums Campuses $28.23 Cost PSF 145 N Centennial Way Mesa, AZ $189, Office Space $10, Parking $78, Expenses $277, Total MCCCD Mesa C Academic Advisor Center Extended 100 Square Feet N/A 7/1/2012-6/30/2015 FS Admin Office Space 1833 W. Southern Avenue Campuses $22.66 Cost PSF Mesa, AZ $2, Lease MCCCD Paradise C Paradise Valley CC Extended 2756 for 3 Square Feet 180 Days Notice to Terminate 7/1/2011-6/30/2014 N Office N 32nd Street Campuses 3770 for 9 Square Feet Phoenix, AZ Average Square Feet $30.31 Cost PSF Reception Workroom $89, Lease $17, Classrooms $106, Total Page 33 of 65

34 ARIZONA BOARD OF REGENTS ANNUAL REPORT OF REAL PROPERTY LEASES FY 7/1/2013-6/30/2014 NORTHERN ARIZONA UNIVERSITY UNIVERSITY AS LESSEE: GSF LESSOR TYPE* PROPERTY LOCATION USER COST/GSF NON CANCELABLE TERM CURRENT TERM TYPE OF USE OF SPACE FY EXP COST LEASE ** MCCCD Phoenix CC C 1202 W. Thomas Road Extended 90 Square Feet 180 day notice 7/1/2012-6/30/2014 FS Admin Space Phoenix, AZ Campuses Cost PSF $5,835 Lease MCCCD Scottsdale CC C Scottsdale CC Extended 3867 Square Feet 180 Days Notice to Terminate 1/1/2009-6/30/2014 N Classrooms 9000 E Chaparral Rd Campuses $35.37 Cost PSF Offices Scottsdale, AZ $123, Lease $6, Classroom $6, Electricity $ Phone, Fax and $136, Total MCCCD South C South Mountain CC Extended 3,000 Square Feet No Notice Needed 08/01/ /31/201FS Classrooms 7050 S. 24th St Campuses $14.47 Cost PSF Offices Phoenix, AZ $43, Total Mohave CC C 1977 Acoma Blvd West Extended 4,189 Square Feet 180 Days Notice to Terminate 7/1/2009-6/30/2013 N Office Lake Havasu City, AZ Campuses $5.01 Cost PSF Classrooms $21, Lease 1971 Jagerson Ave Kingman, AZ Highway 95 Bullhead City, AZ Northland Pioneer C PO Box 610 Extended 110 Square Feet 180 day notice 7/1/2012-6/30/2013 FS Office and Classroom Holbrook, AZ Campuses $10.90 Cost PSF $1,200 Lease Niles Radio NEW Mount Eldon KNAU Radio N/A Square Feet 30 Days written notice 12/1/ /30/2018N Radio Tower Site Flagstaff, AZ N/A Cost PSF $4,550 Total Paramount Partners C North Valley Site Extended 39, Days Notice to Terminate 7/1/2007-1/10/2017 FS Offices N 28th Ave Campuses $21.48 Phoenix AZ $676, Lease Amount $7, Insurance 5 Office $5, CAM 2 Partial Classrooms $17, Rental tax 1 Dedicated Classroom $151, Property tax $857, Total Page 34 of 65

35 UNIVERSITY AS LESSEE: GSF LESSOR TYPE* PROPERTY LOCATION USER COST/GSF NON CANCELABLE TERM CURRENT TERM TYPE OF USE OF SPACE FY EXP COST LEASE ** Picor-NTBC Trust C 3895 N Business Center Dr Extended Square Feet 30 Days Notice to Terminate 4/20/2012-4/19/2016 N Offices Partners LLC Suite Campuses $16.07 Cost PSF Tucson AZ $131, Lease $36, Electricity $9, CAM $3, Rental Tax 180, Total Pima CC C 401 N Bonita Ave Extended 5,550 Square Feet 6 Months Notice to Terminate 8/16/2010-8/15/2015 N Offices Tucson, AZ Campuses $18.08 Cost PSF $48, Lease $8, CAM $43, Improvements $100, Total Space 99 LLC C 99 E Virginia Ave AZK-12 5,071 Square Feet 1 Month Notice to Terminate 5/1/2012-4/30/2017 FS Offices Suite 100 and 150 $18.04 Cost PSF Phoenix, AZ $91, Total (includes Tuba City USD C TUSD High School Extended 1,836 Square Feet 180 days notice N/A N Office Space Tuba City, AZ Campuses $2.61 Cost PSF $4, Lease Fee Yavapai Community R 1100 E Sheldon Ave Extended 16,623 Square Feet 180 Day Notice to Terminate 7/1/2013-6/30/2014 FS Offices, Storage College Prescott AZ Campuses $8.70 Cost PSF Reception, Classrooms $144, Total Computer Lab 601 Black Hills Clarkdale, AZ Page 35 of 65

36 UNIVERSITY AS LESSOR Page 36 of 65

37 ARIZONA BOARD OF REGENTS ANNUAL REPORT OF REAL PROPERTY LEASES FY 7/1/2013-6/30/2014 UNIVERSITY AS LESSOR: CONT (C) GSF CURRENT TYPE RNW (R) COST/GSF TERM OF LESSEE LESSEE PROPERTY LOCATION LESSOR FY EXP COST LESSEE LEASE ** USE OF SPACE 1899 Grill (Northern AZ (C) Building 3 DuPont Dr NAU /28/2011-5/13/2017 N Restaurant Real Estate Holdings) Flagstaff, AZ N/A $1.67 PSF Coconino Community College (C) 2800 S Lone Tree Rd NAU N/A 9/19/ /18/2097 TN Community College Flagstaff, AZ N/A 0 Drury Southwest (C) 300 S Milton NAU 4.5 acres/ /1/06-4/30/2036 TN Hotel Flagstaff, LLC Flagstaff, AZ $0.95 $60,000 Base + $125, Calendar 2013 Sprint Nextel (C) Sechrist Hall Roof NAU 25 12/13/ /12/2014 TN Cell Tower Alamosa Flagstaff, AZ $ $6,600 PSF ACC OP LLC (C) Hilltop-S San Francisco NAU /11/2012-6/30/2017 TN Student Housing Flagstaff, AZ $351, $1.26 PSF ACC OP LLC (C) Aspen Suites-S San Francisco NAU /11/2012-6/30/2017 TN Student Housing Flagstaff, AZ $254, $2.20 PSF C R TO BE CONTINUED/RENEWED AS SHOWN BY TERMS (T) LEASE ENDS AS SHOWN BY TERMS - WILL BE TERMINATED (N) NEW LEASE ** TYPE OF LEASE TN - TRIPLE NET: DOES NOT INCLUDE TAXES, INSURANCE OR OPERATING EXPENSES DN - DOUBLE NET: DOES NOT INCLUDE INSURANCE AND OPERATING EXPENSES N - NET DOES NOT INCLUDE OPERATING EXPENSES FS - FULL SERVICES: OPERATING EXPENSES, TAXES, AND INSURANCE ARE INCLUDED Page 37 of 65

38 LAND REPORT Page 38 of 65

39 REPORT ON ACQUISITIONS AND SALES OF LAND AND IMPROVEMENTS FY 2014 Reference Number Location/Description Intended Use Transaction Dollars/Funding Account Land Size (Acres) Building Size (GSF) Board Approved (MM/YY) ACQUISITIONS 423 S. Beaver St. - Purchased and leasing back to Seller. $329, ,714 N/A SUBTOTAL ACQUISITIONS: $329,721 SALES NO SALES N/A SUBTOTAL SALES: $0 NET (COST)/INCOME $329,721 This report includes all transactions formally concluded by the university between July 1, 2013 and June 30, Page 39 of 65

40 CAPITAL PROJECT STATUS REPORT Page 40 of 65

41 Project Category NORTHERN ARIZONA UNIVERSITY CAPITAL EXPENDITURES SUMMARY FY 2014 as of June 30, 2014 FY 2014 Expenditures Total Expenditures Estimated Total Cost New Construction Academic and Support Space 19,878,912 32,506,297 85,356,145 Auxiliary 4,148, ,101, ,057,144 Infrastructure 585,517 29,694,708 30,060,298 Capital Renewal Academic and Support Space 11,986,930 51,064,800 61,212,369 Auxiliary 4,082,264 5,444,110 8,526,793 Infrastructure 3,485,870 6,151,137 12,317,870 Major Maintenance/System Replacement 1,349,408 3,852,960 6,823,309 Major Maintenance/Energy Conservation 4,631,622 15,130,947 18,078,500 Life Safety/Code Compliance 2,132,189 8,711,527 22,843,544 Accessibility 116,397 7,960,335 8,145,015 Other Other 10,208 10,208 27,365 Totals $ 52,407,372 $ 289,628,583 $ 427,448,353 Note: This report includes all capital projects with expenditures in FY Total Expenditures is the accumulated expenditures for those projects across multiple fiscal years. Page 41 of 65

42 CAPITAL PROJECT STATUS REPORT FY 2014 as of June 30, 2014 CAPITAL PROJECT STATUS REPORT as of June 30, 2014 Page 42 of 65

43 CAPITAL PROJECT STATUS REPORT FY 2014 as of June 30, 2014 Project Name Project # Project Category Funding Source FY14 Expenditures Total Expenditures Percent Complete Estimated Total Cost Estimated Completion Date 2012 Pedway Improvements CIN DLF $ 278, $ 792, % $ 914, Jul-14 ADA Upgrades Various Classroom CAD PF $ - $ - 0% $ 183, Jun-15 Adel Mathematics Rooms Renovation CAS PF $ 19, $ 19, % $ 247, Oct-14 Annual FS and FA Inspections CLS RET $ 15, $ 15, % $ 320, Sep-14 ARD Roof Repair CMM DLF $ 13, $ 13, % $ 272, Oct-14 Ardrey Elevator Code Repairs CMM DLF $ 221, $ 264, % $ 264, Sep-13 Ardrey Roof Repair CMM DLF $ 6, $ 6, % $ 170, Oct-14 Asphalt 2012-Parking CIN DLF $ 7, $ 571, % $ 571, Dec-13 Asphalt 2013 Streets CIN DLF $ 342, $ 413, % $ 413, Sep-14 Asphalt 2014 Parking CIN DLF $ 72, $ 72, % $ 1,036, Dec-14 Asphalt 2014-Streets CIN DLF $ 172, $ 172, % $ 350, Dec-14 Asphalt Parking CIN DLF $ 149, $ 289, % $ 289, Feb-14 Babbitt Administration Roof Repair CMM DLF $ 5, $ 5, % $ 161, Oct-14 Biology Classroom Maint NIN PF $ 282, $ 297, % $ 297, Mar-14 Bioscience Annex BSL3 Retrofit CAS DLF $ 3, $ 3, % $ 1,498, Mar-15 Bldg 17-FLS & HVAC Repairs CLS PF $ - $ 4,817, % $ 4,817, Nov-13 Bldg 19-Classrooms Maint CAS PF $ 405, $ 440, % $ 459, Oct-14 Bldg 24 Rock Lab Relocation CAS DLF $ 73, $ 393, % $ 393, Feb-14 Bldg 37A Circulation Improvements CAD PF, DLF $ - $ 7,843, % $ 7,843, Dec-13 Blome Interior Remodel CAS DLF $ 408, $ 558, % $ 590, Oct-14 Bookstore Add Elevator CMM DLF $ - $ - 0% $ 826, Oct-15 Building 77 Network Upgrades CIN DLF $ 234, $ 243, % $ 299, Dec-14 Ceramics & Chemical Storage NAS PF $ 983, $ 1,709, % $ 2,132, Sep-14 Clifford E. White Roof Repair CMM DLF $ - $ - 0% $ 334, Dec-14 Cline Library AHU Coil Replacement CMM DLF $ 229, $ 229, % $ 301, Dec-14 Cline Library Classroom CAS PF $ 287, $ 287, % $ 1,000, Dec-14 Cline Library Main Lighting Control CMM DLF $ - $ - 0% $ 150, Apr-15 Page 43 of 65

44 CAPITAL PROJECT STATUS REPORT FY 2014 as of June 30, 2014 Project Name Project # Project Category Funding Source FY14 Expenditures Total Expenditures Percent Complete Estimated Total Cost Estimated Completion Date Cline Library Study Spaces CMM PF $ $ 723, % $ 723, Sep-13 Concrete CIN DLF $ 2, $ 405, % $ 405, Dec-13 Concrete CIN DLF $ 245, $ 289, % $ 325, Sep-14 Concrete CIN DLF $ 39, $ 39, % $ 325, Dec-14 Concrete 2014 Res Life CIN DLF $ 25, $ 25, % $ 410, Dec-14 Electric Vehicle Charging Stations CIN DLF $ 158, $ 180, % $ 186, Sep-14 Gabaldon Concrete Entry CIN DLF $ 14, $ 133, % $ 133, Aug-13 Gammage-3rd Floor Carpet & Lighting CAS DLF $ 12, $ 114, % $ 114, Dec-13 Gateway Office Renovation CLS PF $ $ % $ 117, Dec-14 Health and Learning Center NAX RBA $ 341, $ 103,266, % $ 104,021, Nov-14 Health Prof.-Dental Hygiene CAS PF $ 195, $ 287, % $ 306, Sep-14 Health Prof-Classroom Maint CAS PF $ 227, $ 266, % $ 266, Aug-13 Health Professions F/A Replacement CLS RET $ 230, $ 230, % $ 372, Oct-14 HTHW Leak Repair CBA CIN RET $ 161, $ 161, % $ 162, Jul-14 HTHW Vault Rework CIN RET $ 7, $ 7, % $ 199, Sep-14 International Student Pavilion NAS DLF $ 2, $ 2, % $ 4,314, Aug-15 Liberal Arts-Stimulus CAS RBA $ - $ 8,950, % $ 9,064, Sep-14 Math Emporium HLC CAS DLF $ 42, $ 595, % $ 663, Sep-14 McConnell Hall Heat Exchanger CAS DLF $ - $ 472, % $ 472, Dec-13 McDonald Hall Renovation CAX DLF $ 487, $ 818, % $ 818, Aug-13 Morton Hall Basement CAX DLF $ 331, $ 376, % $ 410, Jul-14 Mountain View ADA CAX DLF $ 268, $ 291, % $ 293, Jul-14 Mountain View Garage Repairs CAX DLF $ $ % $ 410, Dec-14 Multi Bldg Monitoring Syst Repl CAX DLF $0.00 $ 155, % $ 155, Dec-13 Multi Building AV Maintenance CAS PF $ 507, $ 735, % $ 735, Apr-14 Multi Building Vanity Install CAX DLF $ 464, $ 464, % $ 934, Dec-14 Multi-building Utility Sub-meters CIN DLF $ 166, $ 166, % $ 166, Mar-14 Page 44 of 65

45 CAPITAL PROJECT STATUS REPORT FY 2014 as of June 30, 2014 Project Name Project # Project Category Funding Source FY14 Expenditures Total Expenditures Percent Complete Estimated Total Cost Estimated Completion Date Multiple Bldg Energy Services CME OTH, DLF, PF $ 4,627, $ 15,126, % $ 18,017, Dec-14 Multiple Building Electrical Service CIN DLF $ 98, $ 129, % $ 129, Sep-13 Multi-Purpose Events Facility CAS DLF $ 3,463, $ 4,002, % $ 4,999, Dec-14 N. Campus Steam System Trap CIN RET $ - $ - 0% $ 149, Oct-14 N. Campus-Stimulus Utilities NIN RBA $ 239, $ 25,967, % $ 25,967, Dec-13 New Aquatic & Tennis Center NAX RBA, RBE $ 3,491, $ 3,536, % $ 47,500, Aug-16 New Native American Center NAS DLF $ $ 6,792, % $ 6,826, Sep-14 New Traffic Light McCreary & SF NIN DLF $ 37, $ 37, % $ 400, Dec-14 North Campus Tunnel Repairs CIN DLF $ 156, $ 156, % $ 587, Sep-15 North Plant Chiller Expansion CIN DLF $ 726, $ 833, % $ 3,906, Feb-15 Nursing Roof Repairs CMM DLF $ 51, $ 128, % $ 128, Dec-13 Nursing Room CAS PF $ 94, $ 104, % $ 104, Dec-13 Observatory Landscaping CIN RET, DLF $ $ % $ 179, Sep-14 Old Main/Ashurst Sprinkler Rep CLS RBA $ 1, $ 1,763, % $ 1,763, Sep-13 P29 Reconstruction CIN RBA $0.00 $ 348, % $ 348, Aug-13 Parking Garage Repairs CAX DLF $ 111, $ 112, % $ 195, Dec-14 PFA 2nd Floor Egress CLS DLF $ 39, $ 39, % $ 147, Sep-14 PFA Classroom Renovation CMM PF $ - $ 249, % $ 249, Dec-13 PFA Music Classrooms Maint CMM PF $ $ 214, % $ 214, Dec-13 PFA Theater and Art Classrooms CAS PF $ 183, $ 443, % $ 443, Apr-14 Phoenix Biomedical Build Out CAS RBA, RBE $ 3,145, $ 3,145, % $ 8,200, Jul-14 Phy Sci & Geology Classroom Ren CMM PF $ $ 620, % $ 620, Dec-13 Physical Sciences Roof Repair CMM DLF $ 4, $ 4, % $ 152, Oct-14 Purchasing Building Remodel CAS DLF $ 16, $ 16, % $ 237, Oct-14 Raymond Hall Steam Pre-Heat CAX DLF $ 105, $ 406, % $ 406, Dec-13 Rec Field Expansion-Observatory CAX DLF $ 1,481, $ 1,502, % $ 1,514, Jul-14 Residence Halls Shower Privacy CAX DLF $ 413, $ 724, % $ 789, Dec-14 Page 45 of 65

46 CAPITAL PROJECT STATUS REPORT FY 2014 as of June 30, 2014 Project Name Project # Project Category Funding Source FY14 Expenditures Total Expenditures Percent Complete Estimated Total Cost Estimated Completion Date Residence Halls Site Improvements CIN DLF $ 1, $ 135, % $ 135, Oct-13 Residence Life Fire Sprinkler Install CLS DLF, RBE $ 1,586, $ 1,586, % $ 14,578, Dec-15 San Francicso Parking Structure NAX RBE, DLF $ 197, $ 22,146, % $ 22,383, Sep-14 SBS HVAC Control Replcement CMM RET $ - $ - 0% $ 174, Aug-15 SBS Roofing Repairs CMM DLF $ 138, $ 185, % $ 185, Dec-13 SBS West Snow Melt CAD DLF $ 116, $ 117, % $ 118, Jul-14 SBS West-Room CAS PF $ 231, $ 232, % $ 232, Dec-13 SBS-Classroom Major Maintenance CAS PF $ 146, $ 146, % $ 146, Dec-13 Science & Health Building NAS RBA $ 18,854, $ 23,938, % $ 71,900, Apr-16 Sinclair Wash Maintenance CIN DLF $ 13, $ 126, % $ 126, Dec-13 Skydome 3rd Floor Mezz. Offices CAS PF, DLF $ 614, $ 1,377, % $ 1,384, Feb-14 Skydome Sound System Renovation CAS PF $ 494, $ 532, % $ 750, Dec-14 Skydome Stimulus Renovation CAS RBA $ 59, $ 26,316, % $ 26,337, Sep-14 South Family Stairs Phase III CAX DLF $ 168, $ 168, % $ 172, Jul-14 South Village Kitchen Renovation CAX DLF $ 60, $ 60, % $ 1,776, Dec-14 Student & Academic Services Bldg NAS DLF $ 20, $ 20, % $ 133, Mar-16 Student Financial Aid Gammage CAS DLF $ 1, $ 108, % $ 108, Dec-13 The Suites Phase II CAX DLF $ 47, $ 47, % $ 139, Oct-14 Transit Spine Associated Constr NIN PF, DLF $ 2, $ 3,369, % $ 3,369, Dec-13 Unviersity Union Expansion NAX DLF $ 117, $ 152, % $ 152, Dec-13 Wall Aquatic Center Repairs CMM RBE, DLF $ 351, $ 633, % $ 732, Sep-14 Waste Water Field Station CAS PF, DLF $ 239, $ 239, % $ 701, Dec-14 SUBTOTALS: Projects $100,000 and Greater $ 50,100, $ 286,673, $ 422,575, Page 46 of 65