007_LIVE EVENT - Dec. 3 - Guaranteed Energy Savings Project—The Benefit to Facility Improvement via Cost Avoidance
Thursday, December 3, 2020 12:00 PM – 1:00 PM EDT
This session is made available to ASBO International Professional members at no charge thanks to Ricoh USA, Inc.
Does your district have a limited budget and pricey facility needs? This session will dive into Warren County's $30 million Guaranteed Energy Savings Contract. Folks from both facilities and accounting will benefit from learning how to leverage the money they are already spending on utilities to upgrade their HVAC, Lighting, Water, etc. systems and end up with more discretionary dollars in the general fund post project. In Warren County, we were guaranteed approximately $850k in savings per year (for the 20-year life of the bond). Without being 100% complete at the end of year one, we have experienced a general funds savings of $1.1million.
Objective 1: Understand how to leverage the funds you are already
spending for enhancements/needs.
Objective 2: Know how to free up general fund cash to fund other priorities.
Objective 3: Be able to formulate your own Guaranteed Energy Savings Contract project.
C. McIntyre, CFO/Treasurer, Warren County PS, Bowling Green, KY
Management of School Facilities
Field of Study:
1 SFO, 1 CPE