Board hears construction update: 2019 referendum nearly fully committed; 2023 projects at 43% committed
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Summary
Operations reported the 2019 bond referendum is about 99.78% paid or contracted, with roughly $833,000 remaining including contingency; the 2023 referendum shows paid/committed funds at about $189 million (43.13%) of a $439 million budget, with program contingency and project contingencies noted.
The operations report at the Jan. 6 meeting provided a financial update on bond-referendum projects and other construction activity. For the 2019 bond referendum, the meeting record lists a budget figure of 375,700,000 and paid/committed funds of 374,800,000 (approximately 99.78% of the total), with remaining available funds including contingency about $833,000 and contingency remaining of $716,000 as of Oct. 31.
For the 2023 bond referendum, the record lists a total budget of 439,000,000 with paid and committed funds of roughly 189,000,000 (about 43.13%); remaining available funds including contingency are approximately $249,600,000; program contingency remaining at October was $11,400,000 and remaining project-level contingencies were reported at $13,500,000.
Operations also reported green-light status on monthly project updates, noted completed HVAC installations at Crackin Middle School and completion of the district educational services main entrance. The district held student-assignment meetings required for the opening of May River Elementary at multiple locations. Board members asked for clarification and discussed other procedures linked to facility use.