Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Infrastructure Budget topic
No spam. Unsubscribe anytime.
Construction oversight group reports referendum projects largely on budget; district says taxpayers will not face additional costs
Summary
A CLOC representative reported the 2019 referendum projects are nearly complete, the district retained $31.1 million from bond sales and used some funds for safety/security work, and the larger February projects show ~80.79% of contracts not‑to‑exceed executed.
A representative of the district’s construction oversight group (CLOC) told the Beaufort County Board of Education that referendum projects remain on track and will not require additional taxpayer funding.
The presenter described CLOC’s role — regular monthly review of construction schedules, site visits and quarterly reporting to the board — and said the 2019 referendum projects were 99.9% complete. He said COVID‑era bond sales created savings that left the district with an additional $31,100,000 that were applied to allowed items, including safety and security work. "Because we didn't need the whole 31,000,000, what we did was we spent those additional monies ... and it was things that the 2000 referendum passed, like safety and security," the presenter said.
The speaker also noted larger February projects with an original budget of $439,000,000 and said bonds are issued as funds are needed; at the time of the presentation the February projects had approximately 80.79% of the original budget under contract via 'not to exceed' clauses. He attributed successful budget adherence to strong estimating and contingency planning by the district's construction managers.
Board members thanked the CLOC presenter for transparency, and the board praised the collaborative process between the construction managers, finance staff and community representatives. The presenter said the group would continue monthly oversight and follow up for any pending items that rely on external information from other agencies.
The board did not take formal action on the presentation, but members said they appreciated continuing quarterly reports and transparency on contract terms and issuance of bonds as projects require funding.
