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LEGAL AUTHORITY
Act. 44 of June 21, 1988,
as amended, known as the Puerto Rico Infrastructure Financing Law.
MISSION
Establish mechanisms to offer financial, technical, administrative or other assistance to public corporations, agencies or Puerto Rico's governmental entities in order to develop projects or carry out infrastructure improvements.
ORGANIZATIONAL STRUCTURE
- Auction Board
- Board of Directors
- Communications
- Deputy Director's Office
- Engineering
- Executive Director's Office
- Finances and Administration
- Legal Affairs
PROGRAM
Public Corporation Financing and Administrative Assistance
Program Description
Provides funds and administrative assistance to public corporations and other Puerto Rico government instrumentalities by issuing bonds, concessions or cession of funds and agreements.
Customers
Government of Puerto Rico's public corporations and instrumentalities in need of financial, administrative and managerial assistance for the development of permanent improvement programs.
FISCAL YEAR 2012-2013 ADOPTED BUDGET
The adopted consolidated budget for Fiscal Year 2012-2013 amounts to $4,700,000 from Other Income.
Operational expenses reflects a reduction of $948,000 when compared to funds assigned in fiscal year 2011-2012 due to the loss of non-recurring ARRA funds and a reduction in lease and utilities expenses that resulted from relocating the Authority to the Roberto Sánchez Vilella Government Center.
Other Income includes income generated from financial offerings and project management. These funds will be use for the operational expenses that originate from providing technical and financial advice to other agencies, such as: Public-Private Partnerships, 21st Century Schools, Special Communities Office, Port of the Americas Authority, Department of Health's Public Health Infrastructure Program, Medical Services Administration, Solid Waste Authority and Municipal Governments.
SUMMARY OF AVAILABLE RESOURCES
| Consolidated Budget (thousands $) |
2010 |
2011 |
2012 |
2013 |
|
| Program |
|
| Operational Expenses |
Actual |
Actual |
Budget |
Adopted |
| Public Corporation Financing and Administrative Assistance |
23,049 |
11,247 |
5,648 |
4,700 |
| Subtotal, Operational Expenses |
23,049 |
11,247 |
5,648 |
4,700 |
| |
| Capital Improvements |
| Public Corporation Financing and Administrative Assistance |
156,489 |
47,145 |
5,348 |
0 |
| Subtotal, Capital Improvements |
156,489 |
47,145 |
5,348 |
0 |
| Total, Program |
179,538 |
58,392 |
10,996 |
4,700 |
| |
| Funding Sources |
|
| Operational Expenses |
|
| Federal Economic Stimulus - ARRA |
18,524 |
6,203 |
617 |
0 |
| Other Income |
4,525 |
5,044 |
5,031 |
4,700 |
| Subtotal, Operational Expenses |
23,049 |
11,247 |
5,648 |
4,700 |
| |
| Capital Improvements |
|
| Federal Economic Stimulus - ARRA |
35,231 |
11,538 |
2,973 |
0 |
| Loans & Bond Issuance |
97,394 |
10,607 |
2,000 |
0 |
| Other Income |
23,864 |
0 |
0 |
0 |
| Public Improvements Fund |
0 |
25,000 |
375 |
0 |
| Subtotal, Capital Improvements |
156,489 |
47,145 |
5,348 |
0 |
| Total, Funding Sources |
179,538 |
58,392 |
10,996 |
4,700 |
| |
| Expense Category |
|
| Operational Expenses |
|
| Payroll and Related Expenses |
1,581 |
1,900 |
1,953 |
2,389 |
| Rent and Utilities |
162 |
126 |
230 |
507 |
| Purchased Services |
1,120 |
288 |
491 |
88 |
| Professional Services |
19,884 |
8,487 |
2,684 |
1,521 |
| Other Expenses |
50 |
344 |
127 |
100 |
| Equipment Purchases |
123 |
48 |
113 |
50 |
| Office Supplies and other Materials |
54 |
54 |
50 |
45 |
| Advertising and Media Expenses |
75 |
0 |
0 |
0 |
| Subtotal, Operational Expenses |
23,049 |
11,247 |
5,648 |
4,700 |
| |
| Capital Improvements |
|
| Capital Improvements Program |
156,489 |
47,145 |
5,348 |
0 |
| Subtotal, Capital Improvements |
156,489 |
47,145 |
5,348 |
0 |
| Total, Expense Category |
179,538 |
58,392 |
10,996 |
4,700 |
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