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Board approves contract amendment 17 and finalizes construction budget accounting
Summary
Board heard an update on referendum construction and deferred-maintenance funds, clarified demo vs. admin cost coding (demo $12,000,000) and approved contract amendment number 17 unanimously; the superintendent reiterated that construction funds are separate from operating budgets.
The Rock Ridge School Board received a project-budget briefing and approved a final contract amendment (amendment number 17) related to ongoing referendum construction work.
A district presenter reviewed the project budget summary for multiple projects (high school, North Star, Laurentian and demo work) and explained coding differences that caused some line items to appear larger. He clarified that the demolition portion of the work is $12,000,000 and that other administrative and phase-2 costs had been coded in different fund columns. The presenter explained how committed costs are reported even when they have not yet been paid.
Board members asked for clarification about how a small negative balance of about $120,000 had emerged in the accounting; the presenter said that "general conditions" and reimburseables for staff time and contractor fees explained the offset.
The board then moved and unanimously approved contract amendment number 17.
Superintendent Dr. Smith reiterated an important accounting point for the public: construction referendum funds (Fund 6) are legally separate from the district's operating funds and cannot be reallocated to run day-to-day operations.
Votes at a glance: - Contract amendment number 17: approved unanimously (motion passed).
