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District officials say most encumbered capital funds tied to New Hanover High; closeout expected before school starts
Summary
School staff told a joint committee that about $9.56 million in capital funds are encumbered, roughly 73% of which is for New Hanover High School work that is expected to be complete and closed out by early September; officials and commissioners discussed why money appears to be ‘sitting’ in accounts and the typical lag for invoice closeout.
Rob Morgan, assistant superintendent for operations and planning, told the New Hanover County Schools facilities committee on May 20 that the district currently has $9,563,000 in encumbered capital funds and “roughly 73% of that is encumbered to New Hanover High School.”
The figure reflects purchase orders and contracts in place, Morgan said, and “the project's going on there that we expect to be completed. As of right now, they are on schedule, mister Sutton. And, we're hoping to see them done, closed out, hopefully, by September 1.”
Committee members pressed staff to clarify the difference between a project’s completion date and the accounting closeout. One committee member asked whether the September…
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