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Meeting Date:
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Category:
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Type:
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Subject:
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18.1 Measure E Budget Adjustment |
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure:
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File Attachment:
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Summary:
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The bids for the LAHS and MVHS facility repairs projects came in higher than anticipated, resulting in the combined project costs being $15.2 million over the currently approved budget. Staff will provide an update on remaining Measure E projects, options for reallocation of funds, (including reimbursement from state funding) and resulting budget adjustments. |
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Funding:
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$27 million in Measure E Bond Funds
$30 million in anticipated School Facility Program (SFP) funds |
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Recommendation
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Approve the Measure E budget adjustment to utilize the remaining $27 million of bond eligibility to cover the costs of the remaining modernization projects and use SFP funds to reimburse the bond program. |
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Approvals:
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Recommended By: |
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Signed By: |
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Irene Aguilar - Administrative Assistant |
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Signed By: |
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Mike Mathiesen - Associate Superintendent |
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Signed By: |
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Nellie Meyer - Superintendent |
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