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Otter Creek CUD reviews construction and operating warrants; grants show remaining funds
Summary
The Otter Creek CUD reviewed two recent warrants — a construction warrant for $644,006.88 and an operating warrant for $28,747.54 — and heard grant-status updates showing remaining funds in both preconstruction and construction awards.
Board members reviewed two warrants approved earlier in the executive meetings: a construction warrant totaling $644,006.88 and an operating warrant from May 14 for $28,747.54, which included approximately $20,000 for the single audit and smaller legal and project-management invoices.
Caleb (VantagePoint, grant/project manager) summarized grant spending: the preconstruction grant awarded in October 2022 totaled about $1,350,000 on a reimbursement basis; Otter Creek has submitted just over $365,000 in expenses against that award, leaving just under $1,000,000 available. The construction grant, awarded in January 2024 at roughly $8.5 million for network infrastructure, resulted in final construction costs of just over $5.5 million; that leaves just under $3 million unspent in that grant award.
Caleb also told the board Consolidated completed construction in October 2024. The single audit is reported as apparently complete, though the draft report had not been received by the chair at the time of the meeting. The quarterly performance reports from Consolidated and the GoNet speed reports were delayed; the chair said she had not yet reviewed consolidated quarterly reports and would discuss them with Consolidated in a meeting scheduled the next day.
Board members said they expect a small number of remaining construction invoices (the 10% contractor retainer had been invoiced) and that preconstruction funds will continue to be used for operational, accounting and grant-management expenses. The board heard an updated anticipated expense item: approximately $10,000 in dues (VOCUD) expected soon.
No budget transfers or new appropriations were approved at the meeting; members asked staff to confirm if any additional invoices would be submitted under the construction grant and to circulate the single-audit draft once available.
