Conroe ISD approves multiple construction guaranteed maximum prices; finance director reports self‑insurance deficit

The Conroe ISD Board approved multiple guaranteed maximum price (GMP) amendments for construction projects from the 2023 bond referendum and received a financial update that flagged a deficit in the district’s self‑funded insurance fund.

On construction, trustees approved a GMP amendment of $9,930,326 for the Caney Creek (East County) Transportation Center addition. The board also approved GMPs of $13,644,561 for renovations to Vogel, Wilkerson and Veterans Memorial and $15,370,014 for renovations to Mitchell, Cox and Travis intermediate campuses. District staff said the GMPs measure well against project budgets. All motions passed by roll call votes recorded as unanimous for those items.

Finance Director Miss Garza presented the monthly financial report for the period ended April 30. The general fund showed year-to-date revenues and expenditures consistent with budget cycles. The self‑funded insurance plan ran a deficit of about $1.7 million for the month and about $6.8 million for the fiscal year to date. Staff noted an accounting effect: April included five settlement weeks in the claims calendar, which amplified the month’s reported deficit. The district said it may request a transfer from general fund balance after fiscal-year close to shore up the benefit fund.

The board also received bond and investment updates; the district reported its combined investment portfolio was outperforming short-term benchmarks at the reporting date.

Trustees asked clarifying questions about project scope and timelines and then voted to approve the presented GMP amendments.