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Peoria County reports near-final costs for Health & Human Services building; project finishes under budget
Summary
County staff told the board that the Health & Human Services building opened early and is about $783,000 under the $22.9 million budget, with roughly $1.45 million still outstanding and $1.3 million held as retainage from the contractor.
Peoria County officials reported near-final financials for the Health and Human Services building, saying the project finished about a month early and is currently under the approved budget.
At the committee meeting Heather, a county staff member, told the board, "we are thrilled to report that, not only did the project come in 1 month early ... but it was also well on track to finish well under budget." Heather said the county's total approved budget for the project was $22,900,000 and that the county has spent about $20,700,000 to date, with approximately $1,450,000 outstanding on open purchase orders or pending expenses. Of the total, roughly $1,300,000 is being held as retainage by the contractor.
The report listed the original funding sources the board approved in April 2023: $4,950,000 from the health department (including $4,700,000 built in reserves and a $250,000 installment from the solid waste…
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