Financial Feasibility Assessment
financial feasibility studies, we serve as an independent, neutral
entity to research, analyze, assess, and determine the
likelihood that a county can service the debt on a capital
development bond. To ensure this neutrality, we exempt
ourselves from subsequent work in planning a new facility if we
determine it is needed. Such studies provide information to
satisfy the interests of the public and decision-makers, and/or of
underwriters, financial analysts, and potential investors, if private
financing is to be sought.JCI's independent status will not be
tied to any interests, opportunities, or financial gain related to a
favorable report. Typically this kind of study addresses four
QUESTION 1. Can the voters and/or investors be assured that the facility
will be viable?
– Will the facility adequately
serve the county's needs over the duration of
the bond issue?
QUESTION 2. What will it cost to construct, operate, and maintain the facility over the
duration of the bond issue?
QUESTION 3. Will the economic resources of the county be sufficient to service the debt
on a 20-year bond cycle?
QUESTION 4. If any aspects of facility viability, costs, or economic sufficiency,
questions 1-3, are found not to
support financial underwriting, are there any
alternatives that would reduce risk or otherwise permit the county to achieve
its goal of providing adequate space for immediate and long term operations
of the criminal justice facility?
Specialized Feasibility Study
specialized study examines a particular aspect, such as the
viability of contracting with a private company to operate a jail
for the county. This form of analysis may involve on-site
inspection of the private operator's current operations, assessment of
compliance with best practices and applicable correctional standards,
history of operations, and various cost considerations.
background in planning and operating facilities, contracting and
assisting private vendors of correctional services, in conducting
performance audits of agencies and facilities, and in forecasting gives
us the depth needed to effectively conduct financial and special
feasibility studies of correctional projects. In addition, we
have the experience of working with investment banking firms and
analysts to provide information they need in considering bond