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Board approves reallocation of 2021 GO bond funds to contingency and two overbudget projects
Summary
The Santa Fe Public Schools board approved reallocating under‑spent 2021 general obligation bond line items into contingency and then allocating contingency funds to cover two over‑budget projects, including outdoor learning spaces and change orders for Santa Fe High commons.
The Santa Fe Public Schools Board of Education voted Sept. 25 to reallocate remaining funds in several 2021 general obligation (GO) bond line items into contingency and to move contingency funds to cover shortfalls on two over‑budget projects.
Staff presented a line‑item reconciliation showing projects that came in under budget and others that exceeded initial allocations. The board approved a motion to sweep underspent line items into contingency and to allocate contingency to fund outdoor learning spaces and change orders on Santa Fe High commons.
Board materials showed the 2021 GO bond was about 75% expended before a large remaining payment for the Mandela project — staff noted a pending approximately $30,000,000 bid package for that project would materially reduce the remaining balance. After the reallocations the presented contingency would increase from roughly $1.3 million to about $5.3 million before further planned allocations.
Board discussion included CRC (Community Review Committee) involvement; CRC representatives confirmed their review and recommendation. Board Member Jose clarified the committee name is “Community Review Committee” and urged staff to include mill levy and other funding columns when reconciling projects.
Motion and vote: The transcript records a motion to reallocate 2021 GO bond funds as discussed (reallocating underspent projects into contingency then moving contingency to outdoor learning and Santa Fe High commons) and a second; the board voted in favor and the chair announced “Motion carries.” The transcript does not specify the individual mover and seconder by full name in the recorded motion line; the vote passed during the meeting.
Why it matters: Reallocating bond funds changes what capital work can move forward and establishes district flexibility to cover change orders and priority work; the action also leaves available contingency to address other urgent facility needs.
Next steps: Staff and CRC will continue reconciliation of remaining GO bond balances and may recommend further allocations; the transcript notes board members expect follow‑up about possible Midtown projects and remaining contingency use.
Details not in transcript: exact dollar amounts moved for each line item were shown on staff slides but were not all read aloud during the meeting; the motion text recorded in the minutes was summarized by staff and board members rather than read verbatim in the transcript.
