Board hears construction update: 2019 referendum nearly fully committed; 2023 projects at 43% committed
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.
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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.
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