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Boerne ISD reports Bond 2022 largely on time and under budget; aquatics center cited for overrun
Summary
Boerne ISD officials told trustees that 31 of 32 Bond 2022 projects finished on time and under budget with roughly $7.6 million in savings; the Aquatics Learning Center ran over budget due to market volatility, karst subsurface discoveries and contractor remobilization, final cost now pegged at about $10.7 million.
Boerne ISD trustees heard an update on Bond 2022 on June 15 highlighting that most projects came in on time and under budget, producing approximately $7.6 million in program savings.
Romero, the district bond presenter, told the board the bond program funded major capital work, including new construction, technology refreshes, land acquisitions (about 101 acres added to the district land bank) and the purchase of buses; primary‑route buses are now air‑conditioned and equipped with three‑point harnesses. Romero said 31 of 32 projects were completed within budget and schedule, enabling the district to reallocate savings to additional campus and program needs.
The board also reviewed the Aquatics Learning Center, the single project that exceeded its budget. Administration attributed the overrun to post‑award market inflation, supply‑chain pressures, the discovery of karst (subsidence) that required extra geotechnical investigation and mitigation, a contractor transition and community‑driven scope enhancements. Romero reported the project’s financial breakdown and said the final anticipated cost is about $10.7 million.
CFO Wes Scott presented the bond program’s finances: roughly $24.6 million cash in capital projects (May 31 snapshot), around $9.7 million in outstanding project commitments, and about $10.3 million in interest earnings. Scott noted an estimated arbitrage liability of approximately $4.2 million under IRS rules governing interest on publicly issued debt, and he described how some variable‑rate issues can be remarketed or restructured in coming years to lower interest costs.
Trustees asked detailed questions about the aquatics cost drivers, the geotechnical findings and how the district managed contractor transitions and schedule impacts. Administration emphasized the district’s transparency measures — project one‑page status reports and bond oversight — and said lessons learned and remaining projects will be prioritized in the fall as part of facility assessments and ongoing oversight.
The board did not change bond project approvals at the meeting; trustees asked staff to present options for remaining work and lessons learned to the facilities and bond oversight committees.
