Stanford
LBRE Finance & Administration

What We Do

Human Resources (HR)

The LBRE HR team provides advice, information, training and development opportunities in support of LBRE’s mission. The department is responsible for the management of all issues related to staff, programs, and processes to support all employees within the LBRE community.

 

LBRE Human Resources

Information Technology (IT) Services

The LBRE IT team supports the technology needs of all LBRE business units. Principle service areas include application development implementation and support; server and network infrastructure administration; hardware and software support; facilities information management; geographic information systems; Computer Aided Drafting (CAD); and civil surveying and utility locating.

Stanford Redwood City Operations (SRWC)

The SRWC Operations team is responsible for overseeing and maintaining the new 35-acre state-of-the-art campus in Redwood City. The campus is home to over 2,000 employees and includes four modern office buildings, a café and childcare center, a parking garage, a recreation and wellness center, a central energy facility, and a park available for employees and the local community. 

Stanford Redwood City
Cover of the Budget Plan 2022/23

Capital Budget and Capital Plan

Finance & Administration (F&A) has a role in both the Provost’s Capital Planning Group and in developing the Capital Budget and Capital Plan, a section within the annual Budget Plan presented to the Board of Trustees every June.

F&A works closely with the University Budget Office and the Office of the Vice President for Business Affairs & CFO to forecast the budget impact of the Capital Plan and to coordinate debt funding for capital projects and programs.

Budget Plans
Cover of the LBRE Year in Review 21-22

LBRE Year in Review

F&A prepares an annual report, the LBRE Year in Review (YIR), which highlights significant LBRE initiatives and an overview of current and recently completed capital projects. The YIR also provides detailed financial reviews and reporting for Land & Buildings, and Stanford Real Estate.   
 

Stanford Humanities Center - photo by Linda A. Cicero, Stanford News Service

Annual Investment in Plant Assets

Stanford University prides itself on not having a large backlog of deferred maintenance. This very fortunate position results from a model established years ago to address the long term adequacy of investment in Stanford’s physical plant. From a fiduciary and management perspective LBRE asked “are we investing enough capital to preserve and optimize our facilities?” Hence, the Annual Investment In Plant Assets model was created. Based on the lifecycle planning method, the key concept of the model is that if life expectancies are known, then renewal schedules can be predicted.

Underlying the Annual Investment In Plant Assets model is a renewal database that stores information on all campus building and building subsystems, along with their projected replacement costs. The renewal database enables Stanford to assess deferred maintenance, and forecast renewal needs for fifty years. Each year the database is updated by “resetting the clock” on subsystem lives that were replaced during the previous year and reassessing the remaining subsystem lives.

Aerial photo of the Main Quad at Stanford University

Budgets 

F&A is responsible for annual budget office deliverables, including the Booked Budget, the Year-End Projection and Plan, LBRE’s presentation to the Provost’s Budget Group, and Year-End reporting. Additionally, F&A develops and submits Preliminary (November) and Final (January) Five-Year Utility Forecast and New Structures reports. The New Structures report includes projected operations, maintenance and utilities costs for new buildings due to come online in the next five years.

F&A is the liaison to the office of Cost Management and Analysis, providing regular reporting on service center rates, consulting on service center compliance, and supporting government audit inquiries.