District construction and finance staff delivered detailed presentations on bond projects and budgets.

Josh Miner provided a project‑by‑project construction update across the Prop A bond program, reporting completed items (Debbie Williams Activity Center, Hurst Junior High administration addition), ongoing framing, HVAC and drywall work on other sites, and identified schedule impacts tied to coordination and long‑lead items such as handrails and roofing. Miner said several projects had shifted start or site completion dates but that the contractors were projecting to meet overall building completion targets; he recommended grouping change orders for time (not cost) to align contract days with scheduled days.

On sites including Hurst Hills Elementary, Midway Park, Wilshire and the Trinity/LD Bell complexes, Miner described site‑specific work (crawl spaces, storm shelters, truss installations, arena sequencing), noted some elevation and rock‑removal challenges and said the district is coordinating staging, temporary facilities and traffic/parking accommodations during phased moves.

Finance staff (Mr. Jones) followed with a budget update showing percent complete and soft/hard cost splits. He reported project‑specific metrics (for example, LD Bell construction percent paid and soft cost percentages, Trinity estimated overrun, Midway Park and Hurst Hills showing percent payments and soft costs) and stated that, across the bond portfolio, interest revenue had totaled nearly $40 million which had helped offset some project spending. He noted an open arbitrage question and upcoming debt service payment dates in 2026 and 2027.

Trustees asked whether schedule changes would generate change orders and were told staff plan to bundle time‑only change orders where appropriate and that the general contractors were not incurring extended general conditions in the reported cases. Board members discussed the need for clearer schedule vs. percent‑complete reporting in future updates.

What happens next: Staff will return with consolidated change‑order recommendations and updated schedules and will continue to monitor arbitrage exposure; trustees did not take separate funding actions beyond informational acceptance of the report.