Section 208

208.  SBA Funding Formula Procedures

208.01.     The School Building Authority’s Funding Formula is an allowance based on a multi-level mathematical equation.  The SBA has established guidelines in the Policy and Procedures Handbook which determine the maximum allowable square footage for a typical school.  This square footage then establishes the maximum amount of SBA funding the school is eligible for in the development of a typical school. 

208.02.     The funding formula is calculated by multiplying the Design Enrollment of the School by the Square Feet Per Student Allowance establishing the Total Building Square Footage Allowance.  This total is multiplied by the SBA Square Foot Cost Allowance establishing the Funding Allowance. 

208.03.  For renovation projects, the Funding Allowance is referred to as the Replacement Cost Allowance.  Unless otherwise previously approved by the WVBE and the SBA, Renovation projects are eligible for SBA finding that does not exceed the Replacement Cost Allowance.

208.04.  If a county has received funding from the SBA for renovations in the last 10 years, the current established value of the renovations is subtracted from the Replacement Cost Allowance.

208.05.  Additional definitions of terms listed above are described below:
    208.051. The Design Enrollment for a new school is determined by the County, SBA, and design team by analyzing any one or combination of the following sources:
        a. Current Enrollment
        b. Annual Second Month Enrollment Figures
        c. Eight-Year Projected Enrollment
        d. Linear Regression Calculation

    208.052. The Square Feet Per Student Allowance, when multiplied by the Design Enrollment, sets the maximum gross building square footage allotment.
        a. There is an allowance breakdown for Elementary Schools, Middle Schools, and High Schools
        b. If the proposed school or renovated facility falls into a combination of categories, the highest square feet per student multiplication factor is to be used in the calculation.

    208.053. The Total Building Square Footage Allowance is the maximum allowable square footage, which provides equity for the funding of school construction projects with varying design enrollments.
        a. The actual building design square footage will be dictated by the number and sizes of each individual space as described in the program, times the building efficiency calculation.
        b. Waivers may be given if the educational plan desired by the County requires additional space for the implementation of curriculum delivery or specialized course offerings.
            1. Educational programming requirements of specialized course offerings could result in an increased amount of square footage eligible for funding.  This extra space is in excess of the funding formula and could include CTE spaces, STEM lab(s), a larger auditorium, or an auxiliary gym.

    208.054. The SBA Square Foot Cost Allowance is established by the SBA and reviewed annually by the SBA staff.  This factor is based on historical data, projections, and assumptions with respect to construction cost trends.  It assumes a competitive bidding market, reasonable site costs, and required conformance to the SBA’s Quality and Performance Standards.

208.06  The SBA staff may form a work session or series of work sessions with Architects, Engineers, Contractors, and any other applicable consultant to provide input and analysis for the annual review of the SBA Square Foot Cost Allowance.