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District says WaterWell project scope grew to about $1 million; state reimbursements expected to cover cashflow
Summary
District staff reported the WaterWell project rose from about $200,000 to roughly $1,000,000 because scope broadened and bids were rebid; reimbursements and internal cash flow measures were discussed and staff expects project completion in winter months.
District staff explained the WaterWell project expanded well beyond its original scope and cost estimate, and that rebids and state reimbursement timing affected cash flow. "The project is about 1000000 dollar project. It started off as about a $200,000 project," said the presenter during discussion of project finances, and staff said reimbursements that are delayed during the state's fiscal cycle forced the district to front funds and use annual cash flow to bridge the gap.
Board members asked why costs rose and were told scope changes, rebidding and updated state requirements drove increases. Staff said the state funded a substantial portion and that with incoming reimbursements the district expects to be covered and have the work wrapped up in December or January. No formal vote was required for this informational item; board members registered understanding and appreciation that the project is progressing.
