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Board approves multimillion‑dollar GMPs for school modernizations and creates enterprise fund for transportation services
Summary
Trustees approved guaranteed maximum prices for Northridge Elementary ($13 million) and an ADA ramp amendment for Box Springs and Sugar Hill ($256,000), and authorized creation of Fund 63 to record revenue from transportation contracts with neighboring districts.
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The Moreno Valley Unified School District Board of Education approved several contract and accounting actions on Oct. 14 tied to ongoing modernization work funded by voter‑approved measures.
The board approved a guaranteed maximum price (GMP) of $13,000,000 for the Northridge Elementary School modernization project and a district contingency of $800,000 to support interim housing, classroom modernizations and drop‑off/pick‑up modifications. The motion was made and seconded and carried by recorded vote.
For two additional Measure X projects — Box Springs Elementary and Sugar Hill Elementary — the board approved an amendment to lease‑leaseback agreements that included a $256,000 GMP specifically for an ADA ramp and a $50,000 district contingency. Staff said the limited scope keeps projects active while state funding for the larger modernization is still pending.
Separately, trustees authorized Resolution 2025‑26‑28 to create Fund 63, an enterprise fund required by the California School Accounting Manual to receive revenue from the district’s transportation contracts providing services to neighboring districts (Beaumont USD and Val Verde USD were cited as current or prospective partners).
District staff said these actions align with the district’s work under Measure M and the newer Measure X bond, and emphasized the need to maintain project momentum amid state funding timelines.
All three resolutions passed on board motions and roll‑call votes. Board members did not change project contractors at the meeting; the approvals authorize staff to finalize GMPs and accounting entries and proceed with planned work under the existing lease‑leaseback framework.

