Review Agenda Item
Meeting Date: 4/24/2023 - 7:00 PM
Category: Business/Action Items
Type: Action
Subject: 18.1 Measure E Budget Adjustment
LCAP (Local Control Accountability Plan) Goal:
Enclosure
File Attachment:
MVLA Measure E Update 2023-4-24 FINAL v3.pdf
Measure E Handout.pdf
Summary: 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.
Funding: $27 million in Measure E Bond Funds $30 million in anticipated School Facility Program (SFP) funds
Recommendation: 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.
Approvals:
Recommended By:
Signed By:
Irene Aguilar - Administrative Assistant
Signed By:
Mike Mathiesen - Associate Superintendent
Signed By:
Nellie Meyer - Superintendent
Vote Results: