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ELF Financing Strategy
<br /> San Mateo County ELF Study‐2016
<br />February 21, 2017
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<br />Prepared by Brion Economics Team Final Report 7
<br />
<br />Table 1
<br />Estimated Child Care Costs by Type of Space and Age: Unmet Need in 2015
<br />San Mateo Countywide ELF Study ‐ 2016
<br />Target Number of Center‐Based Spaces (1) 1,193 6,609 7,802
<br />1.Build New Centers: % of Spaces ‐ #
<br />Needed 40% 477 2,644 3,121 40.0%
<br />Costs (2)$43,183 $20,608,000 $114,165,000 $134,773,000 42.4%
<br />2.Existing or New Commercial Space: % of
<br />Spaces ‐ # Needed 20% 239 1,322 1,560 20.0%
<br />Costs (3)$53,800 $12,837,000 $71,117,000 $83,954,000 26.4%
<br />3.Expand at Existing Centers: % of Spaces ‐
<br /># Needed 15% 179 991 1,170 15.0%
<br />Costs (4)$37,003 $6,622,000 $36,685,000 $43,307,000 13.6%
<br />4.New Portable Buildings: Spaces Needed 20% 239 1,322 1,560 20.0%
<br />Costs (5)$25,412 $6,063,000 $33,591,000 $39,654,000 12.5%
<br />5.Employer‐Based Centers 5% 60 330 390 5.0%
<br />Costs (6)$41,033 $2,448,000 $13,560,000 $16,008,000 5.0%
<br />Total Spaces 1,193 6,609 7,802 100%
<br />Total Costs $48,578,000 $269,118,000 $317,696,000 100%
<br />Average Cost by Age Group $40,718 $40,717 $40,717
<br />Note: This is an estimate of new spaces by type; actual development may occur at a different ratio.
<br />Totals or averages might vary slightly due to rounding.
<br />(1)Unmet demand is based on findings from the San Mateo County Early Learning Facilities Needs Assessment ‐ June 2016,
<br />(2) See Appendix Tables A‐5 for detailed project cost estimates, gathered from recent projects.
<br /> Based on average costs per space, adjusted to 2016 dollars.
<br />(3)See Appendix Tables A‐6 for detailed project cost estimates, gathered from recent projects.
<br />Based on average costs per space, adjusted to 2016 dollars.
<br />(4)Expansion at existing centers can vary depending on the circumstances, and whether new bathrooms are required.
<br />Represents the average of portable, new construction, and renovation of existing commercial and residential costs per space.
<br />Does not assume all existing providers expand at their existing location; new sites and locations are assumed.
<br />(5)See Appendix Tables A‐7 for detailed project cost estimates, gathered from recent projects.
<br />Based on average costs per space, adjusted to 2016 dollars.
<br />(6)See Table A‐8 for employer‐based cost estimates.
<br />Sources: Kathryn Tama; Brion Economics, Inc.
<br />Due to commercial building, costs include the required Change of Use Permit, its associated fees, required site environmental studies,
<br />and remediation costs – all of which make the overall cost significantly higher than other options.
<br />prepared by Brion Economics, Inc. for the County of San Mateo, Human Services Agency. See: http://www.smcoe.org/learning‐and‐
<br />leadership/early‐learning/child‐care‐partnership‐council/early‐learning‐facility‐needs‐assessment‐resources.html
<br />figures rounded to nearest $1000
<br />Percent of
<br />TotalsType of Facility or Program
<br />Average Cost
<br />per Space by
<br />Facility Type
<br />Birth to 2 or
<br />Infant
<br />3 to 4 or
<br />Preschool
<br />Total, 0 to 4 Years
<br />Old
<br />8.C. - Page 26
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