Facility management is typically seen as an expense and the less spent on it, the better. Budgets are never big enough and the lack of money holds up progress on many capital improvements. At the upcoming Elevate summit, Chris McIntyre, CFO/COO of Warren County Public Schools, along with Kelly Mrsic, Managing Director, Public Finance Banker for Baird, will share how the school district is finding the needed resources for its energy initiatives through a process known as “stacking.”
Some of the common fund stacking mechanisms that all types of facilities can use to see a project through include local bonds or levies; state matching funds; utility incentives; securing low-interest loans; applying for grants; power purchase agreements; energy savings performance contracts (ESPCs); and creativity, which can involve a combination of all the options presented.
As both a chief financial officer and chief operating officer, McIntyre will provide an intriguing perspective on how facility executives can talk to their C-suite about budgets to get the needed dollars for both deferred maintenance and future improvements.
Elevate takes place Sept. 25 and 26 in Boston. Learn more and register here.
