Budget update: small variance reported, contingency drawn as team weighs scope trade-offs
Project staff reported a modest variance (~$55,000) after recent deletions and detailed contingency projections that leave roughly $500,000 available; the committee discussed removing or scaling athletic courts to free funds for reimbursable, accessibility-related items.
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Finance staff reported the project is nearly on budget after recent scope deletions (irrigation and canopy), with a reported variance close to $55,000 — characterized in the meeting as effectively even. The team outlined available allowances (phase 2 ~ $70,000; phase 3 ~ $2.2 million) and a CM contingency that, based on current projections, leaves roughly $500,000 available for forthcoming risks and additions.
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