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Staff says AB519 matching funds are available; district can request increases if bids exceed estimates
Summary
District staff told the oversight panel they applied for AB519 state matching funds and can request additional funding if project bids exceed estimates; staff said a final award agreement was expected soon.
District finance staff told the panel that the district applied for state matching funds under the AB519 capital program and that the district had applied for the full amount in the AB519 column, with the ability to request additional funds if projects come in higher than anticipated. Cassandra Stolke (S6) said, “we initially applied for the full amount,” and explained that staff can go back to request increments if needed.
Stolke said the award has been approved in principle and that the district was finalizing the award agreement with the state, which staff hoped to receive by the end of the week. The panel asked for clarity in future materials on how AB519 matching dollars are allocated to specific projects and whether state matches will fully cover overages when final bids arrive.
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