Board hears 2023 referendum update: $439M program, 81% committed; contingency shrinking
Summary
A district committee reported on 17 projects under the 2023 referendum totaling $439 million, with about $357 million paid or contracted (≈81%) and a remaining contingency reported at about $8.6 million; the board asked for details and staff said they are monitoring supply-chain and global cost exposures.
A board presentation gave a status update on the 2023 bond referendum projects, which the presenter said includes 17 projects with a program total of $439,000,000. "There are 17 projects on the list and the total was $439,000,000," the presenter said, then reported that through July 31 approximately $357,000,000 has been paid or committed under contract, or about 81% of the program.
The presenter described an original contingency of $28,000,000 (about 7% of the program) and reported roughly $8,600,000 of contingency remaining for projects not yet contracted. Board members asked about exposure to international supply-chain disruptions and whether parts or equipment sourced outside the U.S. could cause cost overruns; staff replied those risks were considered and flagged, and they will continue monitoring and report back with more granular procurement exposure information.
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