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Pampa ISD reports bond projects progress; $68.9M bond balance remains
Summary
District officials updated the board on the 2023 bond: PHS demolition and Austin parking lot are complete; several construction projects are underway with PHS CTE at 14.82% completion. Bond funds sold totaled $72 million, with a current balance of $68,903,860.34 after expenses.
Pampa ISD finance staff told the board the 2023 bond program is progressing and provided a financial snapshot.
Angel Grant, finance manager, said two projects are complete: the PHS demolition project is 100% complete with a final cost of $1,237,487.63 and project savings of $254,953.32; the Austin parking lot project is 100% complete with a final cost of $676,748.81 and project savings of $92,857.47. Grant reported bond funds sold of $72,000,000; investment income of $3,445,259.61; expenses of $6,541,399.27; and a current balance of $68,903,860.34.
She and operations staff also briefed the board on active projects: the PHS CTE and classroom addition is 14.82% complete, with an estimated $19,532,885 remaining in construction cost; AG storage facility work is 1.64% complete (estimated remaining $567,371); Travis demo and dirt work is 1.42% complete (estimated remaining $883,136); Travis addition/renovation remains at 0% with estimated cost not specified. District staff said the PHS construction remains on schedule for completion in April 2027.
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