University of California - ICAMP Update

Annual update on Integrated Capital Asset Management Program (ICAMP) to address Restoration and Renewal of Existing Facilities from the January 24, 2024 University of California: Finance and Capital Strategies Committee, National Laboratories Committee meeting.

Highlights:

• ICAMP includes a comprehensive 10-year inventory of assets. It is used to better understand the overall backlog and deferred maintenance, aiming to address the most urgent needs. 

• The database includes all UC-owned buildings, not just those funded by the state, and it is utilized to make requests for state support and prioritize funding when available.

• The University of California spent the majority of last year developing the Integrated Capital Asset Management Program (ICAMP) to bolster infrastructure and renewal efforts.

• The UC system has received funding of $818.3 million for the restoration and renewal of existing facilities since the fiscal year 2015-2016.

  • Of this, $663.3 million was one-time funding.

  • No funding was allocated for the 2023-24 fiscal year.

• A total of $7.5 billion is needed to complete projects in the near and intermediate terms, with only 10% of that amount addressed so far. The estimated cost for restoration and renewal increased from $6.6 billion last year to $7.5 billion this year.

  • $640 million of this increase is due to inflation.

  • The construction index saw a 9.4 percent increase in 2023.

• Last year, UC-owned facilities identified an additional $277 million in new needs for auxiliary and medical centers, contributing to 3,500 new projects in that category alone.

• Funding continues to be a significant challenge.